As most of you know, 4 bids went in for the sale of the existing airport site on Monday September 25. Those bids ranged anywhere from $30 million to $61 million. Some included a full range of possible development plans and others stated nothing other than that they will "provide adequate parks and recreational areas as determined by their experienced and knowledgeable land planner."
I would think that you would want to be a little more specific, but hey, what do I know?
I haven't read anywhere that they'd accepted any offers, just that they were releasing the bid specifics to the public. As there is not much news on this just yet, I'll be updating the blog first thing in the morning.
By the way, to get a glimpse at the highlights of the 4 bids, click here.
- Edited 10/06/06
The News Herald wrote an article on the release of information on the bids, they don't provide much information, however, a link to the article can be found here.
- Edited 10/07/06
I was doing some digging and found an interesting website. Check it out at Aero-News.net. Also, click here to see what they've got to say about our airport.
3 comments:
Does anyone else think that the $30 to $61 million bid is like stealing that 700 acres? I would like to see some debate prior to accepting one of those low ball bids.
Stealing! Are you kidding me! The bidders are business people and they're bidding (i.e. competing) for a piece of property based on market research. The value is what the market dictates. It's great that someone is willing to buy the property, and by developing it into something else, increase the value, provide jobs, and provide a product for higher and better use.
Fair market value is defined by what a buyer is willing to pay and a seller is willing to sell for. Perhaps 18 months ago, the perceived value could have brought a higher bid, but the process just wasn't there yet.
The bottom line is that this new development will bring great growth to this area and accent the successful future of our area.
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