Property owners trusted [Yonkers] city officials and SFC [Struever Fidelco Cappelli] that they were getting a fair deal with this [the SFC Yonkers Inc.] development [project] only to learn later we were only pawns being used to further their own goals.
By offering a fair price on my properties, [I would be receiving] a price that would enable me to purchase another building, move, and set up [eleswhere, but now I] find this was not the case.
My contract was canceled only days before the project was approved. …Another offer was put forth. [It was at] a price for the purchase of my building that was not only a complete joke, but would not even allow me to purchase a co-op or condo.
I purchased this 8,000 SF building that is located right along the Saw Mill River that is peaceful and beautiful at the same time over 10 years at the same location for 15 years building my business; employinh Yonkerts resident [throughout those years]. I invested well $250,000 in improvements on my bridge, facade, roof, and interior of the building because I was investing in my future.
When the SFC [Yonkers Inc.] project was proposed, I felt it was a good thing for the community, and I was offerd $2.4 million for my property. When I signed the contract over 2 1/2 years ago, I felt I would be able to find a suitable replacement to continue doing business.
Not more than three weeks ago, I was offered 550K for the same property and felt like i was robberd.
How can I replace the serenity of this property [of] this size, and the parking, with storage for all my equipment and materials, with such an embarrassment of a proposal. Yes, I was embarrassed to be offered such a price.
I did not want to tell my employees that their [future] and mine , looks grim, …that we might have to rent a property or even worse, go out of business.
Honesty and Trust
My employees know me as a honest person and trust me with their future.
How can I find a location like this with a river , trees, parking, and an 8,000 SF building and move with such an offer.
Being a long time employer and businessman in this community I feel i have been used; not only by city officials voted in in to look out for such deceptions, [but] also used by SFC.
I was for this project and [I} still feel it is good for the area, but at what expense? Robbing my hard-earned future and my employees’ future is not the way to go.
Talking to experts in this kind of matter, I am told… is an old song played over and over, just in different locations.
I had trust. I spoke out for the project because i am looking out for a community. On the whole,I want to be be dealt with fairly; not with deception and lies.
David Hackett presented this opinion before a public hearing held yesterday night, December 1, 2009, in the Ceremonial Courtroom, in Yonkers City Hall, 4th Floor, to relate his experience which relate to SFC Yonkers Inc., and the imminent prospect of losing his property to eminent domain rulings that wouldbring about the acquisition of his property at valuation below their value.
Editor's Note: All comments presented at the Public Hearing, conducted under the aegis of Dennis Lynch, Esq., and Sean Griffin, Bond Counsel presented circumstances similar to those expressed by Mr. Hackett and similarly expressed by New Rochelle building owner Michael Longo in the article, LeCount Square Development Update By Michael Longo.