Realtor continues to make sales in Indian land-claim area
If [Mel Russo]'s experience is any indication, Southampton businesses can expect little impact from the lawsuit that the Shinnecock tribe plans to file today in U.S. District Court in Central Islip. The suit will seek the titles of all nonresidential properties within a 3,600-acre area of the t...
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Published in | Knight Ridder Tribune Business News p. 1 |
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Main Author | |
Format | Newsletter |
Language | English |
Published |
Washington
Tribune Content Agency LLC
15.06.2005
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Subjects | |
Online Access | Get full text |
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Summary: | If [Mel Russo]'s experience is any indication, Southampton businesses can expect little impact from the lawsuit that the Shinnecock tribe plans to file today in U.S. District Court in Central Islip. The suit will seek the titles of all nonresidential properties within a 3,600-acre area of the town, said Mike McKeon, a spokesman for the tribe, which has an 800-acre reservation in Southampton. The claim would include the historic Shinnecock Hills Golf Club, Long Island University's Southampton College, and the National Golf Links of America. "If there were a piece of property in Shinnecock Hills that someone asked me to insure, without question I would do so," he said. But others are more cautious. "I think the initial reaction is going to be, 'Wow, I'm not going to buy that with a lawsuit hanging over my head,'" said Paul Brennan, a real estate agent for Prudential Douglas Elliman Real Estate who deals with commercial and residential properties in the East End. "It's potentially alarming. It puts a crimp in everybody's ability to move real estate or businesses cleanly... . I don't know what the legal ramifications are going to be." |
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