Newspaper leads fight to stop span, fares "highest in North America" claimed
On this day in 1966, residents of Martha's Vineyard reacted angrily to a proposal that the state build a toll bridge between Cape Cod and the island.
The Automobile Legal Association was urging then Governor John A. Volpe to build a bridge due to what it called "exorbitant" ferry rates.
The association claimed that ferry prices between Cape Cod and Martha's Vineyard "are now the highest ferry fares in North America."
Leading the opposition was the famed editor of the Vineyard Gazette, Henry Beetle Hough on left, who proclaimed, "It's just insane."
A slightly calmer island chamber of commerce head said, "a bridge will ruin this island."
Read the AP story below:
Today's housing crises was also yesterday's headlines
During the summer of 1988, newspapers around the country carried headlines proclaiming the worst home sales slump in history was hitting the Cape. There were nearly four thousands homes and condos listed for sale, a huge increase over the year before.
Many experts said the real estate market here would never come back.
Well it did.
Twice since then in fact; it came back with a vengeance with two huge housing booms after the 1988 slump described below and again a decade later in 2002.
Below is the New York Times story from the summer of 1988;
FOCUS: Cape Cod, Mass.;
The Buyers Are Now in the Driver's Seat
NEVER before has Cape Cod had so many houses, condominiums and commercial spaces for sale as it has today. And at no time in recent years have there been so few prospective buyers.
After two-and-a-half years of hectic activity, the sellers' market in residential property has become a buyers' market. And the market in retail, warehouse and office space belongs even more to the buyer.
In July, the Cape Cod Board of Realtors listed 3,839 houses and condominiums for sale on the Cape and the islands of Nantucket and Martha's Vineyard. A year earlier, there were 2,880 listings. Most of the properties for sale are on the Cape itself; on the offshore islands, where much selling is at prices over $500,000, the market reportedly has remained brisk.
Read the complete story here.