When does a government ever sell a piece of property for 10X or 100X what they paid for it? That would make sense... That would help solve some of the government's cash flow problems... That would help keep our taxes down...
But no... The government USUALLY sells the property to a well-connected crony in the name of "economic development" for a token amount.
Basically, they give it away.
Dateline downtown Rochester NY... Former Midtown Plaza site, bought from the former owners by the city for some millions of TAXPAYER $$$. City spends tens of millions more TAXPAYER $$$ to clean up the asbestos and knock down most of the buildings...
I think they sold the property to the developer for $1 or $3... Some stupid amount...
Politicians are not held accountable for fiscal decisions.
If there should be a law, there should be a law that if a sitting politician doesn't make profitable business transactions in the name of the people, then that politician is responsible for the shortfall and must vacate his seat at the end of the term.
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Today's Featured Article - Show Coverage: Central Illinois Strawberry Festival - by Cindy Ladage and Janna Seiz. Every year the coming of summer is highlighted by different events for different people. For some, it is heralded with the end of school, tilling the garden, or completion of the planting season. To us, connoisseurs of find food, antique tractors, farm toys, crafts, and downright fun, the annual Strawberry Festival means summer is here. Every year, in Carlinville, Illinois, the Macoupin County Historical Society and the Macoupin Agricultural Antique Association team up to fill th
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