Quote:
Originally Posted by EastVanMark
actually, the school board purchased the land a while ago. The property had private ownership for years before that.
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that doesn't make much sense
a)
vsb owns the land and builds a school
vsb sells the land after closing school
developer buys land. knocks over school to build kingsgate mall
vsb buys land and mall back
or
b)
vsb owns the land and builds a school
vsb closes school
vsb leases land to developer who knocks over school to build kingsgate mall
vsb still owns land under lease, receiving decades of lease payments
i say b) makes more sense