State nixes Gitter/DEC land deal

A few weeks ago, Crossroads developer Dean Gitter was swearing up and down that state comptroller Thomas DiNapoli wasn't holding up a key 2007 Belleayre land deal because of the hefty price tag, never mind what the New York Post had to say about it.

Looks like the Post is vindicated. On today: a copy of the terse paper karate chop DiNapoli sent to the DEC earlier this week.

While I understand that you have identified this as a priority project important to the Catskill's [sic] economy, environment, and watershed, you have not provided justification that adequately supports such a large premium (29 percent or $1,424,400) over the fair market value calculation done by your staff after gathering information, which included professional appraisals.

Earlier: Delaware County: Gitter done.