logo
Harris farm property annexed into Middletown for public park

Harris farm property annexed into Middletown for public park

Yahoo16-04-2025

The town of Middletown has annexed about 30 acres of existing farmland into corporate limits to become a public park.
Middletown's commissioners and burgess unanimously voted on Monday to annex the Harris Farm property, which is south of Old National Pike and across from Old Hagerstown Road, into the town's limits.
In an interview on Wednesday, Burgess John Miller said around 26 of the acres, which are in a floodplain, will be developed into a "passive park."
He said he used the term "passive" because the town does not want lights, late activity or noise. Miller said the park will be similar to Wiles Branch Park with recreational fields, such as football, lacrosse and soccer fields, as well as pavilion or gazebo-like structures.
He added that there is "a great need in town for recreational fields, and we have a very active youth athletic association."
"We're trying to help them meet their demands while also meeting the needs of other park goers and other amenities that they might want to have there," Miller said.
Town Commissioner Kevin Stottlemyer, who also chairs the Sustainability Committee, added that the town in the future hopes to extend the walking trails of Wiles Branch Park and connect the two together.
He said the connected trails "will really be nice" because the Harris property borders Catoctin Creek.
Miller said the creek is "a beautiful feature of that park."
Miller said the property has operated as a farm since before the Civil War. Before the Harris family owned the property, he said, the Sheffran family operated a mill there.
Stottlemyer added that the Harrises also ran a plumbing business on the property until a few years ago.
Miller said the buildings on the front of the property, which were used for the plumbing business, will now be used by the town as an extension of its maintenance facility.
Stottlemyer said the town partnered with Silvoculture, a nonprofit organization based in Myersville, to plant trees such as pawpaw, persimmon and cherry along the walking trail and stream bank of the property for erosion control.
He said the state grant will be approved "hopefully" by the summer to plant the trees this fall, and the project will be "a really nice legacy project for the community."
"Certain segments of the property lend itself to that," Stottlemyer said. "The lower section lays somewhat wet. It can't really be utilized for any other purpose, so to speak."
He added that if the grant is approved, Silvoculture will plant the trees and provide upkeep for the first two years.
Miller said at public hearings for the annexation, the community had "kind of mixed" feelings about the change of the property.
"I think many people came there thinking that their farm view now was going to be basically lighted fields and things going on all hours of the day, and we allayed those fears," he said. "That's not our intention for that park."
Miller added that many of the surrounding residents have lived there for over 20 years, and their backyard has always been a farm.
"It's different than what they're used to, and that causes them some concern, and they ask good questions," he said. "But I think they left knowing that we're good stewards of that property and of our town, and we'll make sure that they're protected as much as they can be."
Miller said the next step is to create a five- to 10-year master plan "to develop a concept of what we'd like to see down there."

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fund-management veteran skips emotion in investment strategy
Fund-management veteran skips emotion in investment strategy

Yahoo

timea day ago

  • Yahoo

Fund-management veteran skips emotion in investment strategy

Fund-management veteran skips emotion in investment strategy originally appeared on TheStreet. This article is based on TheStreet's Stock & Markets Podcast, Episode 8. Hosted by the veteran Wall Street investor Chris Versace, the weekly podcasts are available early to members of TheStreetPro investing club. The podcasts are also available on YouTube. More than 40 years ago Tina Turner famously asked the world: "What's love got to with it?" If the subject is investing, David Miller has a simple answer: not much. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 Miller, chief investment officer of Catalyst Funds, spoke with Chris Versace, lead portfolio manager for TheStreet Pro Portfolio, in the June 4 edition, episode 8, of TheStreet Stocks & Markets Podcast, to talk about what his firm is looking for in a candidate for investment. "I think the sweet spot is where you have such a good business that even if people hate them they continue to grow and grow with high margins and high EPS growth," he said. Miller cited the billionaire entrepreneur, venture capitalist and political activist Peter Thiel, who advises founders and entrepreneurs to aim for a monopoly and avoid competition. "You're either in perfect competition or you have a monopoly or an oligopoly," he said. "And clearly, anyone who owns a business wants to be in that position where you have a monopoly rather than being in perfect competition."He described how airlines historically haven't even earned their cost of capital and frequently end up going bankrupt. Restaurants, he said, have very high fixed costs and "just never earn outsized economic profits." "Whereas you look at a company like a Visa () or Mastercard () or a Microsoft or an Apple or an Adobe () or an Nvidia," () Miller said. "Phenomenal businesses, phenomenal margins, great tailwinds, really strong free cash flows." So why invest in companies that aren't monopolies when many of the best returning stocks in history have turned into monopolies? "[Frankly,] you don't have to try to pick which stock is going to be the best stock," Miller said. "You can just take these categories that are far superior businesses and invest in those. That's the ideology behind that fund and why we launched it." Miller pointed to Apple () , explaining that "once you're in the Apple ecosystem, they own you." More Wall Street Analysts: Wells Fargo analysts reboot stock price targets after Fed action Apple analyst raises alarm about earnings, revenue growth Analyst initiates SoFi coverage, mulls loans, growth prospects "You don't have a whole lot of choices and they can get great margins," he said. "As someone who's been trapped in the Apple ecosystem willingly since 2005 I am perfectly content and happy," Versace responded. "I certainly understand why a lot of people love Apple," Miller said. "I have the iPhone. I like Apple and I don't particularly like Microsoft, but I'm definitely a customer of Microsoft. I think the best businesses are those where you'll do business with them even if you don't like them." Miller said Tesla () fits this dynamic, as the electric-vehicle maker "launched a new monopoly or an oligopoly depending on how you look at it certainly from a market share perspective." "Once you decide you're going to get an EV, it's a lot easier to go ahead and buy a Tesla and be part of their ecosystem than it is to ... buy an EV that's not part of that Tesla ecosystem," he added. Tesla shares have been thrashed lately — off 14% in regular trading June 5 — in light of Chief Executive Elon Musk's controversial involvement with the Department of Government Efficiency and backing of President Donald Trump. (The two have fallen out and Musk has rankled the White House by describing what the president called his "big, beautiful" budget bill as pork-laden and a 'disgusting abomination.') And while Tesla stock is down nearly 22% in 2025, it remains up about 60% from a year ago. Miller said the courts provide one of the most telltale signs of a monopoly. "Once the courts start coming after you for being a monopoly, that's a pretty good indication that you have some monopolistic characteristics in your business whether or not you want to admit it," he that historically been the targets of court action for their monopolistic characteristics have been phenomenal investments, he added. "If you look at a company like Microsoft, () if you got into [it when] the courts first came after them pretty hard, you'd be sitting pretty today," he said. Monopolies to avoid include electric and water companies. "If you're in a space where you have a product where your profits are regulated as to how much return on equity you can actually generate, we avoid those because what we want to go for is those that are growing monopolies." And Miller prefers to leave emotion out of the equation. "If people like a product, that's great," he said, "but what I really prefer is that they need the product rather than they like the product, and that there's some growing demand around it."Fund-management veteran skips emotion in investment strategy first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Top White House Aide Rails Against the Man Who Took His Wife
Top White House Aide Rails Against the Man Who Took His Wife

Yahoo

time2 days ago

  • Yahoo

Top White House Aide Rails Against the Man Who Took His Wife

A livid Stephen Miller fired back against Elon Musk's criticisms of Donald Trump's 'Big, Beautiful Bill' without mentioning the billionaire by name. The top White House aide's voice gradually rose as he touted the sprawling piece of legislation, which Musk has repudiated, in a Fox Business interview Friday. The interview comes as rumors of a personal spat between Miller and Musk continue to swirl. On his way out the door of the White House, Musk took Miller's wife with him. Katie Miller, who had been a top aide at Musk's Department of Government Efficiency, left her post—and her husband's side—to continue working for the tech billionaire. 'Tax cuts and reforms. American energy independence. Full, complete, permanent border security and the largest welfare reform in American history,' Miller wailed. 'That's not pork. That's not waste. That's not new spending. That is the most conservative piece of legislation in my lifetime.' Miller's comments were a direct rebuke of Musk—who has described the bill as 'pork-filled' and a 'disgusting abomination.' The SpaceX founder's criticisms have erupted into a messy break-up with Trump, with the two heavyweights exchanging a series of blows on social media. 'There's this myth out there that we could do the DOGE cuts in this bill,' Miller said, addressing a criticism posed by supporters of the formerly Musk-led group where his wife worked. 'But that's a separate process.' Miller never mentioned Musk by name, but host Larry Kudlow—a Trump ally—made the connection for him. 'I don't think Elon understood that,' Kudlow said, referring to the nuances of legislation. 'I don't want to get into all that stuff... He's got $180 billion up on his website, okay. And God bless him for that. He's been helpful on that, that's terrific thing.' Miller smirked but said nothing. Musk became close with the Millers during his stint in government. The Wall Street Journal reported that Katie Miller was with Musk 'all the time' before following him out the door. Musk reportedly spent time with the couple even outside of work. The relationship between Musk and his underling's husband has deteriorated. 'The only 'new' spending in the bill is to defend the homeland and deport the illegals—paid for by raising visa fees,' Miller wrote on X this week in another dig at Musk. 'All the other provisions? Massive spending cuts. There is no 'pork' in the bill. Just campaign promises.' Musk unfollowed Miller on X shortly after.

Fund-management veteran skips emotion in investment strategy
Fund-management veteran skips emotion in investment strategy

Miami Herald

time3 days ago

  • Miami Herald

Fund-management veteran skips emotion in investment strategy

This article is based on TheStreet's Stock & Markets Podcast, Episode 8. Hosted by the veteran Wall Street investor Chris Versace, the weekly podcasts are available early to members of TheStreetPro investing club. The podcasts are also available on YouTube. More than 40 years ago Tina Turner famously asked the world: "What's love got to with it?" If the subject is investing, David Miller has a simple answer: not much. Don't miss the move: Subscribe to TheStreet's free daily newsletter Miller, chief investment officer of Catalyst Funds, spoke with Chris Versace, lead portfolio manager for TheStreet Pro Portfolio, in the June 4 edition, episode 8, of TheStreet Stocks & Markets Podcast, to talk about what his firm is looking for in a candidate for investment. "I think the sweet spot is where you have such a good business that even if people hate them they continue to grow and grow with high margins and high EPS growth," he said. Miller cited the billionaire entrepreneur, venture capitalist and political activist Peter Thiel, who advises founders and entrepreneurs to aim for a monopoly and avoid competition. "You're either in perfect competition or you have a monopoly or an oligopoly," he said. "And clearly, anyone who owns a business wants to be in that position where you have a monopoly rather than being in perfect competition." Related: Adviser who thrived on Black Monday sends warning on tariffs' next victim He described how airlines historically haven't even earned their cost of capital and frequently end up going bankrupt. Restaurants, he said, have very high fixed costs and "just never earn outsized economic profits." "Whereas you look at a company like a Visa (V) or Mastercard (MA) or a Microsoft or an Apple or an Adobe (ADBE) or an Nvidia," (NVDA) Miller said. "Phenomenal businesses, phenomenal margins, great tailwinds, really strong free cash flows." So why invest in companies that aren't monopolies when many of the best returning stocks in history have turned into monopolies? "[Frankly,] you don't have to try to pick which stock is going to be the best stock," Miller said. "You can just take these categories that are far superior businesses and invest in those. That's the ideology behind that fund and why we launched it." Miller pointed to Apple (AAPL) , explaining that "once you're in the Apple ecosystem, they own you." More Wall Street Analysts: Wells Fargo analysts reboot stock price targets after Fed actionApple analyst raises alarm about earnings, revenue growthAnalyst initiates SoFi coverage, mulls loans, growth prospects "You don't have a whole lot of choices and they can get great margins," he said. "As someone who's been trapped in the Apple ecosystem willingly since 2005 I am perfectly content and happy," Versace responded. "I certainly understand why a lot of people love Apple," Miller said. "I have the iPhone. I like Apple and I don't particularly like Microsoft, but I'm definitely a customer of Microsoft. I think the best businesses are those where you'll do business with them even if you don't like them." Miller said Tesla (TSLA) fits this dynamic, as the electric-vehicle maker "launched a new monopoly or an oligopoly depending on how you look at it certainly from a market share perspective." "Once you decide you're going to get an EV, it's a lot easier to go ahead and buy a Tesla and be part of their ecosystem than it is to ... buy an EV that's not part of that Tesla ecosystem," he added. Tesla shares have been thrashed lately - off 14% in regular trading June 5 - in light of Chief Executive Elon Musk's controversial involvement with the Department of Government Efficiency and backing of President Donald Trump. (The two have fallen out and Musk has rankled the White House by describing what the president called his "big, beautiful" budget bill as pork-laden and a "disgusting abomination.") And while Tesla stock is down nearly 22% in 2025, it remains up about 60% from a year ago. Miller said the courts provide one of the most telltale signs of a monopoly. "Once the courts start coming after you for being a monopoly, that's a pretty good indication that you have some monopolistic characteristics in your business whether or not you want to admit it," he said. Related: Tesla analysts raise red flag about rivalry, consumer interest in key market Companies that historically been the targets of court action for their monopolistic characteristics have been phenomenal investments, he added. "If you look at a company like Microsoft, (MSFT) if you got into [it when] the courts first came after them pretty hard, you'd be sitting pretty today," he said. Monopolies to avoid include electric and water companies. "If you're in a space where you have a product where your profits are regulated as to how much return on equity you can actually generate, we avoid those because what we want to go for is those that are growing monopolies." And Miller prefers to leave emotion out of the equation. "If people like a product, that's great," he said, "but what I really prefer is that they need the product rather than they like the product, and that there's some growing demand around it." Related: Veteran fund manager who forecast S&P 500 crash unveils surprising update The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store