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FOR SALE: Corner of Bluebonnet and Jefferson

Posted on 7/31/17 at 3:51 pm
Posted by Supermoto Tiger
Baton Rouge
Member since Dec 2010
10976 posts
Posted on 7/31/17 at 3:51 pm
As our wonderful Parish Council approves the sale for $ 10,000...which is only about 740,000 under valued.

quote:

When the sale went before the Metro Council, no one batted an eye. In fact, the council had to approve several measures to allow the land to be designated as surplus, go to auction and approve the auction, and council members did not discuss the matter at all.


LINK

ETA: link added
This post was edited on 7/31/17 at 6:49 pm
Posted by 9001
Pools closed
Member since Jul 2017
2100 posts
Posted on 7/31/17 at 3:52 pm to
Is this the same corner they are building the bank on that says it's been serving the local area for a long time but no one has ever heard of the bank? If so, either way that place is going to be a fricking nightmare to get in and out of and is going to make that intersection even more of a cluster frick.
This post was edited on 7/31/17 at 3:53 pm
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139229 posts
Posted on 7/31/17 at 3:54 pm to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 7/31/17 at 3:54 pm to
quote:

These land deals are rare, he says, and the city would have to bear the cost of a commercial appraisal, which can run a couple thousand dollars.

Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
76175 posts
Posted on 7/31/17 at 3:55 pm to
quote:

Former Metro Councilman Ryan Heck
Posted by TigerFred
Feeding hamsters
Member since Aug 2003
27968 posts
Posted on 7/31/17 at 3:56 pm to
Please provide a link to the article and don't copy and paste the entire article.

Posted by SG_Geaux
Beautiful St George, LA
Member since Aug 2004
80828 posts
Posted on 7/31/17 at 3:57 pm to
Way to frick it up Baton Rouge
Posted by sneakytiger
Member since Oct 2007
2508 posts
Posted on 7/31/17 at 3:59 pm to
The free market breaks down when everyone is fricking stupid
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 7/31/17 at 4:00 pm to
quote:

The free market breaks down when everyone is fricking stupid

nothing about this story really displays free market principles
Posted by sneakytiger
Member since Oct 2007
2508 posts
Posted on 7/31/17 at 4:02 pm to
The land was sold at public auction, right?
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
79856 posts
Posted on 7/31/17 at 4:02 pm to
I don't think anything shady was done. The auction was advertised properly.

Seems like a straight forward sale should have been done, but governments usually don't care about being for profit.
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 7/31/17 at 4:03 pm to
Link?
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 7/31/17 at 4:03 pm to
quote:

The land was sold at public auction, right?

Yep and he was the only one that showed. He could have bid $500
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 7/31/17 at 4:03 pm to
For those out of state who have no frame of reference to all things freaking Baton Rouge...

LINK
Posted by mikelbr
Baton Rouge
Member since Apr 2008
49099 posts
Posted on 7/31/17 at 4:06 pm to
This stinks and the taxpayers in the city ought not let this slide. This literally took ~$900k out of our parish budget.
This post was edited on 7/31/17 at 4:42 pm
Posted by BR Tiger
Baton Rouge
Member since Mar 2004
4761 posts
Posted on 7/31/17 at 4:06 pm to
quote:

Is this the same corner they are building the bank on that says it's been serving the local area for a long time but no one has ever heard of the bank?


It's the corner across Jefferson from the new bank.
Posted by mikelbr
Baton Rouge
Member since Apr 2008
49099 posts
Posted on 7/31/17 at 4:07 pm to
quote:

Please provide a link to the article and don't copy and paste the entire article.



Here ya go.

BR Business Report Article about the deal


Alotta Jimmy's oughta be rustled. This bullshite is no more ethical and 'fair' to the Taxpayers than Broome's Brave contracts.

quote:

Former Metro Councilman Ryan Heck carried the deal through the process last year. Several years earlier, Cosman—a friend and Heck campaign contributor—had asked him for help buying a separate, 22,000-square-foot plot of wooded land behind his house, and Heck obliged. Cosman got that piece of land at auction for $50,000 after another bidder showed up.

This post was edited on 7/31/17 at 4:23 pm
Posted by 3nOut
I don't really care, Margaret
Member since Jan 2013
32729 posts
Posted on 7/31/17 at 4:10 pm to
quote:

The land was sold at public auction, right?



i have a friend that owns 400 acres with 2 private lakes and cabins on them that he bought for 20k at an auction. he was the only bidder.

land is probably worth 2-3mm today. it happens. but this seems moderately shadier.
Posted by Trout Bandit
Baton Rouge, LA
Member since Dec 2012
15115 posts
Posted on 7/31/17 at 4:12 pm to
quote:

frick Ryan Heck that shady piece of shite.

What you got against Heck??
Posted by mikelbr
Baton Rouge
Member since Apr 2008
49099 posts
Posted on 7/31/17 at 4:12 pm to
quote:

. but this seems moderately shadier.


Yea, he didn't have a councilman helping him out and making sure the public didn't get more than the bare minimum notice of these land deals.

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