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 - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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