Sunday, November 1, 2009
If it were not for the fact that perfidious libelers are never funny, it would be
Let's see now: the official party line of the anti-progress, anti-growth, airport status quoers is that Sea Island Company has big plans to build a fly-in community surrounding the airport; that Debroah Hase has a a secret, exclusive contract to sell all of the resulting properties; and that Charley Smith will get a $1 million dollar bonus if the airport moves (this last one springing directly from a purely hypothetical "what if / so what" scenario I wrote on this blog!). Those are some rather amazingly generous concessions from a company in such severe financial difficulties that they are selling nearly all of their holdings in Camden County, including the very land that surrounds the proposed airport site, which they have not put up for sale and they are still willing to donate.
http://atlanta.bizjournals.com/atlanta/blog/on_the_market/2009/10/debt-ridden_sea_island_selling_land.html
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3 comments:
It sounds like a decent trade off to me. Sea Island is trying to sell property. The presence of an airport adjacent to that property can only increase its value. The property they are willing to donate is primarily wetlands which can most probably never be developed. It is almost worthless for sale and development. It sure sounds to me that the Sea Island Company has their ducks in a row.
True. And if the citizens of Camden County get free land for an airport which has a lower cost to develop, even with the infilling and power line movement, than the PURCHASE PRICE of another piece of land - which would still have to be cleared and infilled - so much the better!
Do you ever get the niggling feeling that just maybe we are being used by Sea Island? Something just bothers me. Evidently Sea Island is in big financial trouble. It seems that they are being forced to sell off a lot of land by Synovus. Why would Synovus allow Sea Island to give away About 500 acres of land that has just been assessed at over $10 million? I'm certainly not a financial whiz and I'm not even suggesting an answer. Its just that something fells suspicious.
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