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There Goes the Neighborhood! WASPs Shudder as Russians Invade Greenwich

In 2005, Russian billionaire Valery Kogan and his wife, Olga, purchased a home in Greenwich, Conn. for $18.5 million. Mr. Kogan proposed a plan to tear down to demolish violently; to pull or pluck down.
- Shak.

See also: Tear
 the mansion and build a 54,000-square-foot house that would have 26 bathrooms. The plan was denied in May, and last week Mr. Kogan submitted a scaled-down version of his original layout, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Cityfile.

But perhaps the town elders shouldn't be so quick to discourage Mr. Kogan. This morning, The Hartford Courant Cou`rant´   

a. 1. (Her.) Represented as running; - said of a beast borne in a coat of arms.
n. 1. A piece of music in triple time; also, a lively dance; a coranto.
2.
 published a piece about how the perils of Wall Street will hurt Greenwich--which, it turns out, makes up for much of the state's income tax revenue.

From the article:

"As the good times rolled in recent years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 state budget became increasingly dependent on Greenwich. Despite having only about 60,000 people, the town contributed nearly $600 million in state income taxes in 2006 — more than three times the income taxes paid by the combined populations of Hartford, Bridgeport, New Haven New Haven, city (1990 pop. 130,474), New Haven co., S Conn., a port of entry where the Quinnipiac and other small rivers enter Long Island Sound; inc. 1784. Firearms and ammunition, clocks and watches, tools, rubber and paper products, and textiles are among the many  and Waterbury. With only 1.8 percent of tax filers, Greenwich provides nearly 13 percent of all state income tax, helping to pay for schools in West Hartford and road repairs in Rockville, not to mention every other cost related to running the state."

As wealthy bankers like Lehman CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Richard Fuld Jr., a resident of Greenwich, find themselves in dire (well, relatively) financial straits, their neighborhood may begin to be supported by foreign money. And while Russian billionaires and their plans for "vulgar" mansions with gold bidets, marble statues, and animal rugs (think Mar-a-Lago on crystal meth meth
n.
Methamphetamine hydrochloride.
) might typically be kept out of places like Greenwich, we wonder if recent economic events might make the residents reconsider. Our guess is that this time around the board will approve--though we don't expect to see Mr. and Mrs. Kogan at the Round Hill Club anytime soon.
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Article Details
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Author:Irina Aleksander
Publication:The New York Observer
Date:Oct 14, 2008
Words:304
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