Quote:
Originally Posted by secondcurve
Bahre paid $2,450,000 to purchase the property. The tax payers were offered the property at something less and voted no. It would have been a home run for the town if they had voted to approve the purchase. Trust me, you can't find a 16 acre parcel on the lake with 1500 of frontage for anything near $2,450,000 today.
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How long ago did he buy it? Sounds like he paid market value at the time of sale. I don't think its fair to compare his purchase price then to now.
There are not as many people around as one may think that can stroke a check off for that much just for land, and I bet had he not bought it the land would have been sucked up by a developer.