Quote:
Originally Posted by Bigstan
I think more to the point would be lets say I build you a building on your land and have you rent it to me for a reduced rate for a set time.
The exclusive benefit is a benefit only to them only for the duration of the lease.
And the 'improvement' is the creation of something the doesn't exist. A pier will not be worth 'far less than it is today' because it does not exist today. If they didn't make this offer that space would have sat empty for another 100 years, I still don't see the problem assuming they agree on a term / amount.
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I agree that there is a monthly rent they could pay to make this fair from a financial perspective. But let's stop saying the dock is worth $100K to the town. If I promised to give you a $100K (as new) dock 25 years from now, after it had sat in the water for the past 25 years, how much would you be willing to pay today?