Quote Originally Posted by MikeyinBrooklyn View Post
As I noted in my first post, I think the owners are much more likely to sell than develop it themselves. It doesn't change my opinion that it was a shrewd move. Very large piece of land, in the center of the state's most prosperous county, next to 2 major highways, bought for just north of free. Their grandchildren will still be spending the money.
free =/= $600,000 + need to spend $10M to tear down a decrepit stadium

If there was anyone out there that would give them $11M for this property it would have been resold already. How is that hard to comprehend? The empty land is worth less than the demo costs, period.