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Tight Money Holds Up Jail |
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Tuesday, 07 October 2008 |
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The mess on Wall Street landed on Main Street in Mount Vernon Tuesday. Backers of the private company trying to build a 512-bed jail in Mount Vernon say the credit crunch is holding up their efforts to sell bonds to finance the project. Commissioner Brandon Braddy says Michael Croft Enterprises is seeking up to $36 million in private capital. He's hopeful the project will proceed when and if the $700 billion federal bailout frees up investment money around the country. Commissioners also agreed to send representatives to the next meeting of the Tarrytown City Council to explain how a proposed fire station would be financed to serve the greater Tarrytown area. City councilwoman May Warnock, whose husband is running for mayor, claimed little information had been furnished the city about the fire plan. However, the current mayor, Lynnette Coleman, disputed Warnock's claims. "She's not speaking for the mayor or the council. The majority of us support the fire department," she said. Commission Chairman Charles Truett it sounds like a communication problem between city officials in Tarrytown. In other matters, commissioners were informed Dollar General is looking for property to locate a store in the Mount Vernon area, and groundbreaking is set for Monday for a health clinic being built on the square in Mount Vernon.
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