01-12-2016, 11:13 AM
Yeah, with remediation being an unfixed, unknown number right now, any potential buyer is basically going to assume it's as bad as theoretically possible, and subtract that from the market value. Is that still over $1M? Maybe?
A few blocks away, the region paid $4.7M/ha just for land for the intermodal terminal.
This site is about 0.32 ha
That's ~$1.5M in land value, optimistically.
A few blocks away, the region paid $4.7M/ha just for land for the intermodal terminal.
This site is about 0.32 ha
That's ~$1.5M in land value, optimistically.