The East Hampton Town Board approved a resolution last Thursday authorizing a 50-50 purchase of the rights with the Peconic Land Trust, a nonprofit group that will help Stony Hill Stables raise private funds for the preservation. The total purchase price is $978,500, not including closing costs, according to the board’s resolution. The Peconic Land Trust is aiming to meet its $489,250 share by the end of 2014, according to Sara Gordon, the project manager. The town will use its Community Preservation Fund to pay for its share.
Stony Hill Stables on Town Lane has been operated by the Hotchkiss family... more