Somehow I’ve missed this from the Blogfather of real estate weblogging. I think it’s brilliant. Dustin, brilliant, there’s a shocker.
UT vs ASU in the Holiday Bowl. The bet is on. When UT wins, Jonathan has to write “I LOVE UT” (or I ? UT) on his forehead, in Sharpie, and post a pic on his blog. Should ASU happen to get lucky, Lani and I will do the same with “I ? ASU”.
The Gilbert Town Council will consider tonight whether to acquire 40 acres of land near Germann and Lindsay roads. Despite falling prices, Gilbert real estate and raw land isn’t cheap — the Town expects to pay around $14M for the parcel ($350K/acre). The purpose is to build a public safety training complex.
According to the Arizona Republic, there’s an interesting “buy now ask the taxpayers to pay later” thing going on here:
However, Gilbert officials hope to have those costs reimbursed through a future bond issue, a strategy that also must receive council members’ approval.
Huh. Wonder what would happen if voters reject that bond proposal after the land is purchased?