“County Executive Chris Abele offers the billionaire owners of the Bucks 10 acres of prime downtown county land worth an est. $9 million dollars for $1.00” (Based on the billionaires “envisioned” investments of $400 million surrounding development of the new arena over the next 11 years or more).
It is a win; win for these billionaires not the taxpayers!
Let us see if I understand this correctly, Billionaires pay $1 for 10 acres of public owned land then they find, or have other developers to pay them (billionaire new owners) upwards of $400 million dollars to build on the previously owned taxpayers land. Somebody please enlighten me if I am in the parking lot (not the arena) watching this game.
All my life I have looked for the secret to turn dirt into gold. Well, I fully understand now, how billionaires become billionaires. Share a vision of turning dirt on…
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