[legion]

Originally Posted by Zeke

In our city we just tore down a high rise that was City Hall with all the offices of a typical city of half a million. We owned it and sold the land to developers. One street over we built a new CH and it was pricey — state of the art. It was built by a private contractor and we lease the building.

Any equity we had in a CH is now nil. And the lease payments are stupendous. If we had simply taken out a loan in the form of bonds or whatever, the monthly and over all expense would have been half of the life of the lea$e.

I'm sure I can't explain why this took place.

I suspect that the contractor and/or new owner (lesser) had connections.