We were concerned to learn that a $58 million mortgage loan for Mashpee Commons is held by the Cape Cod Five bank, the employer of planning board candidate John Fulone.
This appears to be a potential conflict of interest that should have been made public and discussed earlier in the campaign. Was the Massachusetts State Ethics Commission consulted?
The Ethics Commission notes in Section 19 that a planning board member “.... may not participate in any matter that affects the financial interest of your employer (whether or not you worked on the matter for your company).”
If Mr. Fulone as vice president of Cape Cod Five has to recuse himself in discussions of the Mashpee Commons expansion, voters should know that before the election.
The Mashpee Commons expansion is the issue that will define the character of Mashpee in the years to come, affecting the environment, traffic, water quality, town finances, and the small-town feel of Mashpee.
Voters need clarification on this potential conflict of interest before the election