In contrast, an investor might only be willing to pay less than other people would pay for it. Do you see what I'm getting at? The value of any given piece of real estate is very much an unknown quantity until the point of purchase. ...
?As such, FPC would be willing to sell it for conservation at the amount they paid for it about 10 years ago, plus property taxes and other costs incurred, approximately $800000 total, which is half or less of the likely market price. ... Two years ago the national non-profit Trust for Public Land raised the money needed to purchase the 400-plus acre Estate Maho Bay ? the largest expansion of the park since its inception more than 50 years ago ? to eventually sell to VINP ...
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