Woodbridge, along with most of the country, has experienced a substantial rise in property values over the past two years, and this is coupled with almost no housing inventory on the market today. We are in a seller’s market, let’s take advantage of that. We can finally actually make a profit on our purchase. The property is not a historic colonial farm, nor a pristine forest. It is a failed country club with a crumbling 1970s structure and pool, cracked parking lot, and unmaintained golf course. Colonial founding father Roger Sherman never lived here, in fact he held his investment in Woodbridge land for only a little over 6 years – about half the time we, the Town of Woodbridge, have owned it. Sadly, Arbor Haven has withdrawn their offer. It’s time to put out an RFP for the property. When we do get proposals, we should have an independent consultant evaluate the effect on tax revenue and school/town expenses. Then we can make an informed decision and only support a development proposal that generates a profit for our town. We are losing too much in opportunity cost to continue to hold this parcel when we could generate a $9M dollar (or more?) one-time payment to Woodbridge along with an annual net income stream.