East Hampton Town OKs $20M Georgica Cove CPF Deal

John v.H. Halsey
Dan’s Papers

East Hampton Town is moving forward with a controversial $20 million preservation deal to protect undeveloped coastal grassland on Georgica Cove. The proposed conservation easement for 41 and 47 Cove Hollow Farm Road would be drawn from the Community Preservation Fund (CPF) — a steep sum, but a major discount from the land’s $46…