Quote:
Originally Posted by CowTimes
There has to be something else going on here. The buyer publicly disclosed at a planning board meeting that the contingency for the regulatory approvals was to have expired a month or two ago. Sellers will typically have expiration dates for the contingency so they are not beholden to the buyer if things, as here, get held up for whatever reason. I thought Camp Belknap would have been under contract already since they were supposedly ready and willing to offer a higher price once the current deal’s contingency period expired.
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That may have been true when it was said at the PB meeting. I can't think of a reason why an extension couldn't have been negotiated. Or some other deal. Not unusual.