CEO Upsets Hamptons Neighbors With Revenge Landscaping

A hedge of a different sort causes controversy

   

Well, not everyone has to get along. That’s the case in pricey Southhampton, N.Y., these days where a recent planting now has the title, “Revenge Hedge.”

For the last four years, Cantor Fitzgerald CEO Howard Lutnick has wanted to build a barn on his 40-acre spread, reports the New York Post. He wants to use the barn to support his efforts to become a farmer with a fruit orchard and acres of grape vines for his personal winery.

But his neighbors disagreed. Worried that Lutnick would use the barn for his automobile collection instead of his agricultural pursuits, neighbors complained in public hearings about the project. They also complained that the barn would block their views.

After reworking the project, Lutnick found that neighbors still objected, and in 2010 the town rejected it entirely. In payback, Lutnick had a 10-foot high hedge erected on his property blocking everyone’s view. The town has ruled the hedge illegal, but it has yet to be removed.

An appeal on the barn project which is still pending.

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Article printed from InvestorPlace Media, http://investorplace.com/2012/10/ceo-upsets-hamptons-neighbors-with-revenge-landscaping/.

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