Oops they did it again…
Sometimes you read something that just makes you either shake your head in disbelief or laugh out loud at the sheer wonderment of it all. Today, I had just one of those such moments.
The ReviewJournal.com ran a great editorial today on the City Council’s tendency to favor big business in real estate transactions. In “Step right up, only one dollar! City Council offering another sweetheart land deal”, the editor points out how the Las Vegas City Council has approved yet another unbelieveable land deal. This one is to sell 7.69 acres of land for $1 and the promise to build a parking lot. Yep, that’s one whole dollar.
A sweet deal for Cox Communications who is purchasing the old Addelar Guy Veterans Administration ambulatory care center, for only $16 million and getting an additional 7.69 acres of adjoining land for just $1. Land that has appraised for approximately $4 million.
The City’s rationale was the 1,100 jobs that Cox Communication brings to the community. However, as the editor correctly points out, they were jobs that were already in the city. Makes you wonder who you got to know to get such a sweet deal like this, doesn’t it?
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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