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That’s ridiculous. The net property value lost from losing close access to the beach is worth way more than the money the city got, on the margin, from the sale. It doesn’t even make economic sense, let alone the equity issues.
That’s ridiculous. The net property value lost from losing close access to the beach is worth way more than the money the city got, on the margin, from the sale. It doesn’t even make economic sense, let alone the equity issues.
What a joke.