Quote:
Originally Posted by John Mercier
Now that it isn't going to be operate she could.
It was being operated to cover the costs of things like the property taxes.
According to the people that know the history of the site... it has had quite a bit of fill added over the years... so it could be quite a long time line.
Another buyer might have something in mind that would fit the site without needing to ''disturb'' the site. Whether that is a continuation of the Drive-in or some sort of open air flea market/farmer's market, etc... I don't know.
But for condos or such (Al has a preference for storage units and commercial rentals)... it would require the conditions be met.
I think she will find a buyer, but I don't think it will ever be condos or such.
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A farmer's market or flea market will not cash flow an investment of this amount.
Pick your price... $4.9? $2.5? $1.0? and then add in whatever costs to prepare the new venture.
Yay! You are now ready for operating costs!
I think it only works as condos and certainly not at the price she wants now.
I agree with the post above that suggested that she get the dig going now.
Otherwise, sell it for a much lower price.