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Message
re: Developing swamp land
Posted on 1/22/18 at 8:40 am to Ron Cheramie
Posted on 1/22/18 at 8:40 am to Ron Cheramie
quote:I worked on a mitigation case last year. The buyer had already made over $1 Million on a piece of land he bought for about $200,000, and still had 25% of his total credits left plus some stream credits.
If it is a wetland (sounds like it is) you will have to mitigate for the wetlands Mitigation = $$$
1
Posted on 1/22/18 at 8:42 am to AlxTgr
quote:
The buyer had already made over $1 Million on a piece of land he bought for about $200,000, and still had 25% of his total credits left plus some stream credits.
And he's also obligated to fund the maintenance/upkeep of the bank into perpetuity.
Ain't nothing wrong with someone making money.
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