Posted: 10/3/2007 10:40:34 AM EDT
And they are offering her $1M out of the goodness of their hearts? Riiiiiight.[sarcasm]I'm sure the property is only worth the $1M Developers are offering anyway.... [/sarcasm] Kudos to the lady for not caving. |
Just wait til the new tax assesment and her land is now worth 2M and the gov steals it |
That's what I was just thinking. |
The property is only "worth" $1 million because she's the last hold out. ![]() They want her gone, so they're offering more for that final plot. We go through this all the time in Korea. We have three factories and each of them has a little piece of farmland that we've edged around. Years later, those old coots are still holding out for their $1 million payday. Not gonna happen. If she wants to stay, good for her. If she's holding out for more money, good for her. If the developers pay or don't pay, good for them. The real issue is that ED hasn't screwed this lady over. Developers aren't doing anything abnormal or wrong. If her land is worth more than the assessment, it's because the developers (yes) made it that way. |
Agreed, and let's hope that if ED comes in and takes it that she's not hung out to dry. My point was just that the article made it seem like her property was only worth ~$128k based on the assessment. When it could obviously be re-assessed for more given the new development. Having said that, by reading the small amount of information we have gotten from the article it seems as if she is really just comfortable and doesn't want to leave. |
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There are odd shaped lots in NYC in Manhattan because somebody never sold out. Small bar gets surrounded by a huge building of some sort. (I can't think of their names right off the bat. Maybe someby else might know.) And now for Seattle’s turn for interesting landscape.
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Once the plans for the development are done, and work around her house, the mil is off the table. Dumb, dumb, dumb. For $1 million she could have bought another little farmhouse, but on an actual farm... you know, have land around, instead of a giant shopping mall. Her heirs must be pissed. |
128K doesn't get you any kind of a house or a condo in that area. This isn't very far from where I live, I'll go over and get you guys some photos that will give you a better view. Here is a much older article. archives.seattletimes.nwsource.com/cgi-bin/texis.cgi/web/vortex/display?slug=danny08&date=20060208&query=macefield |

And they are offering her $1M out of the goodness of their hearts? Riiiiiight.