The proposed plan to rehabilitate the Canoe Place Inn and build luxury townhomes on
the east side of the Shinnecock Canal will:

Substantially upgrade the immediate vicinity near the Canoe Place Inn, enhancing
property values of nearby homes;

Generate significant sales and property taxes that will benefit the Hampton Bays
School District as well as Town, County, State, and other taxing jurisdictions;

Increase revenues generated by property taxes by more than $703,000 above
what is currently collected;

Add approximately $676,783 annually in projected tax revenue to the Hampton
Bays School District — a 392% increase over existing conditions;

Generate new jobs, including both construction and permanent employment;

Bring visitors to Hampton Bays, to eat in its restaurants and shop in its stores, and
attract wealthy second-home owners who will spend their disposable income in town;

Create a public boardwalk for all to enjoy on the east side of the Shinnecock
Canal, with access from Montauk Highway;

Decrease the amount of nitrogen discharged on the CPI Property by over 65% and
by 30% for the Canal and Eastern Properties;

Result in a contribution from the developer to the Town of Southampton for open
space preservation;

Save a valued piece of the past that is central to the history and character of
Hampton Bays;

Transform a dilapidated eyesore currently producing nothing but problems
for the Hampton Bays community into a revitalized and vibrant Canoe Place Inn.

Improve the overall quality of life in Hampton Bays.