Friday, February 10, 2006
Wal-Mart Foiled in SL the First Time Around
After Wal-Mart was chased out of Lake Placid six or so years ago, they attempted to purchase property outside of Saranac Lake to build their box. The property was purchased out from under them by a wealthy local citizen. He paid a local resident $850,000 for the parcel of land which was assessed at $133,400. The owner of the parcel was 'pleased' that he could sell the land for a 'non-Wal-Mart' use. Well yeah, I guess an extra $700K would 'please' me too.
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3 comments:
I think it is important to give the seller credit. He was offered over $1,250,000 by Wal-Mart to buy his land. He took quite a bit less NOT to have it go to Wal-Mart.
I give them credit then.
Also the guy selling was a NIMBY and made an opportunity out of the deal because the guy who purchased the land has an "Adirondack Great Camp" on the South shore of Lake Colby and did not want to see the glow of Wal-Mart parking lot lights to the North across the Lake. A simple case of one NIMBY profiting from another. I seriously doub't there was any "real" moral motives behind the whole transaction.
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