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Post by warriorpride on Apr 8, 2008 18:42:39 GMT -5
Just to clarify that a little - it's my understanding (someone correct me if I'm wrong) that the price was supposed to be determined based on land values at the time that the condemnation was filed (i.e. back in 2006 - not sure exactly when). So, we are probably approaching 2 years since that alleged price was "valid". Yes, the high point of the real estate market around here was at that time. Not that they have gone down a bunch (residential), but I bet retail/commercial is a different story. Their eyes have opened up a little more in the two years. Two years. Too late, a**wipes! The BB land that we planned on purchasing is zoned multi-family residential. Only the Rt 59 and 75th St frontage are zone commercial.
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