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“And the Creuziger family, with 420 acres the largest landowner in the Foxconn area, has turned down the village’s $50,000 an acre offer for open land.” https:

by kirykl 9y ago

“And the Creuziger family, with 420 acres the largest landowner in the Foxconn area, has turned down the village’s $50,000 an acre offer for open land.” https://www.jsonline.com/story/money/business/2018/02/20/eminent-domain-may-used-acquire-land-foxconn-holdouts/355213002/ https://www.jsonline.com/story/money/business/2018/02/20/emi...

hvs 9y ago
So? Why should the state be able to decide if I should have to move if I don't want to just because they decided they wanted to handout tax breaks to company?
kelnos 9y ago
That seems like a pretty generous offer. For comparison, that comes out to around $1150 per square foot, which is what a lot of (developed) real estate is going for in SF right now. Still, though, I think it's disgusting to use eminent domain in order to turn land over to a private company.
- susjjzjz 9y ago
  That can’t be right... there are 43560 sqft in an acre.
  - 411mrc 9y ago
    Right, it is a pretty fair offer, but it's not SF real estate generous. That would work out to $16 billion or so.
  - tuukkah 9y ago
    So $1.150/sqft, a simple mistake in the place of the decimal point.
HeyLaughingBoy 9y ago
That's a really good price. I live in a fairly desirable area in MN and $10,000/acre is considered high in these parts.