just basing my comment on reality. If rent only makes a commercial piece of property a certain value they could be sitting on it for a while, I assume.
From my experience with the town of Laconia and what I've read over the past 10 years, it's all about the quick buck even if you have been a business owner for decades.
The State of NH purchased the marina behind marine patrol for $1.1 maybe that guy can go buy that land and re-establish his business with his windfall. The church in Laconia sold for $280k (or something close) far less than "town appraised" value.
Quote:
Originally Posted by BroadHopper
I don't think the city council care less what the bank believe the value of the property is or how much capital a business can raise. Whatever the appraised value is, someone has the cash, even if its the syndicate and they will take the money. Good example is state surplus land such as Laconia State School, the politicians want millions for land that has been appraised for far less. Meanwhile the buildings are rotting away.  |