Wednesday, November 3, 2010

Deep pockets in Doe Run

Urban Outfitters founder Richard Hayne is continuing to build his elaborate greenhouse complex on what used to be Tony Young's property near Springdell. However, it seems that he started the work before getting all the necessary permits. West Marlborough Township zoning officials served him with a cease-and-desist order on Sept. 28 and fined him $500 for each day of work that was done before the permits were finally issued on Oct. 13.
Mr. Hayne's attorney is appealing the fines, claiming that the order was invalid because it was addressed to Mr. Hayne rather than the property's legal owner, Doe Run L.P.
For the record, Mr. Hayne ranks #773 on Forbes magazine's 2010 list of the world's billionaires, with net assets of $1.250 billion.

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