Friday, October 17, 2008

Last Hope for Stanhope

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Letter to the Editor | News & Observer | Raleigh NC

In your Oct. 15 article "City approves two projects," council member Nancy McFarlane said, "I feel I have a real fiduciary responsibility to the city to make sure we have good development that would help the city as a whole."

McFarlane's comment suggests that she would be abdicating her fiduciary responsibility by honoring the city's comprehensive plan. The two are not mutually exclusive, and the councilor knows they are not mutually exclusive. To suggest that they are is dishonest.

The problem is that the corporation in question wants to make more than a profit. It wants to make a killing.

A profitable student housing complex could exist comfortably within the bounds of Raleigh's comprehensive plan.

--Tom Hennessy, Raleigh

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