Neighbors may buy or lease land in Jeffersonville

They want to keep riverfront view Facing a sharp reduction in its endowment income this year, the foundation that operates the 100-acre Perrin Park in Jeffersonville is taking steps to give up a small but significant piece of nearby property. And some of the neighbors of that 2.2-acre tract, concerned that its sale could mean losing a scenic riverfront view, may band together to lease or possibly buy the land. "I think we're going to cut a deal," Phil McCauley, a director of the Perrin Family Park Foundation, said last week. Lease terms haven't yet been approved by foundation directors, McCauley said. But he believes such an arrangement would make sense by relieving the foundation of the expense of maintaining the riverfront site and paying its taxes -- and maybe fighting a costly court battle if it attempts to sell the tract... [read full story]