Thursday, May 01, 2008

Cities divesting of property...

There has been quite a bit of discussion in my city when it comes to the topic of commercial real estate since our city owns quite a few pieces of land. Some purchased, but a majority of the smaller parcels that are not worth much (in the $400 - $500 range) that were given to the city.

A land deal has been getting quite a bit of discussion, which while the price would be below what the assessed values, would get the city out of being the owner of many of these pieces in one area. This makes sense since a city should concentrate on provide basic services as opposed to being in the land speculation business.

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