MLB team owner fights plans by a fish market on the exclusive island to open a restaurant next to his waterfront cottage.
A billionaire and summer resident in the tony Massachusetts island of Nantucket is suing a local fish market seeking to reopen as a restaurant next to his waterfront cottage.
Charles Johnson, principal owner of the San Francisco Giants and former chairman and CEO of investment manager Franklin Resources, is quarreling with his neighbor, Straight Wharf Fish, and the Town of Nantucket. The properties are located on the exclusive Old North Wharf, where small homes on the water can sell for as much as $10 million.
Attorneys for Johnson are seeking to have the license invalidated. Johnson did not immediately reply to CBS MoneyWatch's request for comment. His lawyer, Danielle deBenedictis, declined comment, citing the pending litigation.The owners of the retail fish market want to convert it into a sit-down restaurant. It would be half fish market and half clam shack, co-owner Gabriel Frasca told CBS MoneyWatch. Previously, Straight Wharf Fish operated as a fish market and ice cream store.
"It is possible that we will have an agreement this week that will allow us to go forward," Frasca told CBS MoneyWatch."I am hopeful that this week well see something we can live with and we'll move forward."Charles Schwab, founder of financial services giant Charles Schwab Corporation, also owns property on the wharf and has expressed support for the planned restaurant.
"I want to confirm for you in writing that: The Schwabs do not oppose your restaurant; and the Schwabs have full confidence that you, NIR , and the Town will work out the details to make sure that everything is good for the neighborhood and community," Schwab's attorney, Steven Cohen, said in an April statement to the
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