11-16-2015, 09:17 PM
(11-16-2015, 03:43 PM)tomh009 Wrote: Actually, the way I interpreted the article is that Wright is leasing the property, not buying it (I re-read three times and I did not spot any reference to the property being sold).By George! Wright you are! I've reread the article I don't see anything explicit about buying or leasing either. Good catch and thanks.
Quote:And this makes sense, George wants to wait for the LRT completion before taking on a major construction project, and in the meantime Wright can lease the property "as is" without significant renovations.That's still consistent with my speculation that the owner, whoever it is, wants to speculate on the property while at the same time derive income from the land and the structures on it.