Quote:
Originally Posted by codeman671
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.
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It has been a while, probably the late nineties. He definitely paid the going rate at the time. There is no argument there. My point is that with time these assets not only appreciate but become priceless. Bottom line it would have been a wonderful investment for the town of Alton.