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DEC releases $2.9M Rotterdam Square bond after 25 years

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For decades, the state Department of Environmental Conservation hung onto a $2.9 million bond originally put up by Wilmorite Co. when the Rotterdam Square mall was constructed. The “construction” bond was part of six pages of conditions the agency imposed on Wilmorite before the company was allowed to proceed with the massive project centered in a wetland near a sensitive recharge area of the Great Flats Aquifer. The bond was to ensure the developer properly ...


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