From Press of AC: Ocean City wants to pay $9 million for a 1.9-acre lot on the west side of town. Residents led by the city’s Fairness in Taxes organization think it may be overpaying, and want to slow down and examine the deal.
The rush by the city and the property’s sellers alone would be enough to make residents suspicious. The details that have emerged so far strongly suggest the deal deserves more scrutiny.
Property buyers should be suspicious when sellers and agents demand a quick commitment before troubling issues are resolved and a deal is fully understood.
If Ocean City residents choose to put the purchase to a vote, they’ll ensure time for more information and clarity about what appears to be a sweetheart deal at taxpayer expense.
Here is the link to a Press of Atlantic City Editorial that supports what FIT is doing!