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April 7, 2009
by Evan Brandt
Legislation would add open space for park in East Vincent
EAST VINCENT - The township's open-space acreage could soon triple if state House lawmakers follow their Senate colleagues.
Currently, the township's only open space is 23 acres once owned by the family of a former supervisor behind the township building.
But roughly 96 acres of the former Pennhurst property would ultimately be conveyed to the township under legislation recently passed in the Senate and sponsored by state Sen. Andrew Dinniman, D-19th, of West Whiteland.
"We have two steps to go," Dinniman said. "First, we have to get the legislation taken up by the state government committee in the House, and then have it brought to the floor of the House and approved. The final step is for the governor to sign it."
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by Christopher Palmeri, Mara Der Hovanesian and Prashant Gopal
Signs of life emerging in housing sector
Last year the Cape Coral area of Florida had the highest foreclosure rate in the country. Banks moved to seize more than 1 in 10 residential properties in the Gulf Coast community of 165,000. The reverberations are still being felt. Newly built McMansions sit vacant, dusty monuments to the great real estate boom. Smaller homes have been ransacked. Apartment buildings have been boarded up. Former owners are stripping whatever items they can from their homes before the locks get changed, says Kirsten Prizzi, a local real estate agent at AC Global Realty. "Knobs, appliances. Someone was selling windows."
But a curious thing is happening in this blighted former boomtown: Buyers are swooping in. First-time home-owners are suddenly entering bidding wars with real estate speculators from as far away as Spain and Germany.
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