Re:Amazon announces candidate cities for HQ2
by elif on Thursday January 18, 2018 @04:16PM
(#16181535)
The thing about real estate on that scale is, to not get ripped off you have to time it carefully.
It probably would cost amazon less to buy 10 potential properties and resell 9 of them, than to announce their intentions and then attempt to buy their chosen property.
In Atlanta, we already learned that lesson by announcing the BeltLine (mixed use alternative transit development corridor around the city) before acquiring any of the land. A decade later, after court battles involving the city purchasing land via the Board of Education in order to prevent further price gouging, we still don't have all the land needed, and only ~10% of the project is completed.
It probably would cost amazon less to buy 10 potential properties and resell 9 of them, than to announce their intentions and then attempt to buy their chosen property.
In Atlanta, we already learned that lesson by announcing the BeltLine (mixed use alternative transit development corridor around the city) before acquiring any of the land. A decade later, after court battles involving the city purchasing land via the Board of Education in order to prevent further price gouging, we still don't have all the land needed, and only ~10% of the project is completed.