Notice of Sale (WHS)

moonshine · Unread post by **moonshine** » Tue Jan 06, 2015 12:20 pm

According the wataugacounty.org website, a notice of sale - Old High School property 7/1/15

http://www.wataugacounty.org/main/App_p ... ctory.aspx

Actual notice of sale

http://www.wataugacounty.org/main/App_p ... HSsale.pdf

Asking price: $20,000,000

ASUMountaineer · Unread post by **ASUMountaineer** » Tue Jan 06, 2015 12:53 pm

moonshine wrote:According the wataugacounty.org website, a notice of sale - Old High School property 7/1/15

http://www.wataugacounty.org/main/App_p ... ctory.aspx

Actual notice of sale

http://www.wataugacounty.org/main/App_p ... HSsale.pdf

Asking price: $20,000,000

Wasn't that the asking price the last time...or did I make that up?

moehler · Unread post by **moehler** » Tue Jan 06, 2015 3:34 pm

we really need that property, would solve alot of our problems, but dam, 20 million, don't know where we come up with that kind of money.

AppGrad78 · Unread post by **AppGrad78** » Tue Jan 06, 2015 4:18 pm

If my math is correct, that's $270,000 per acre.

bcoach · Unread post by **bcoach** » Tue Jan 06, 2015 4:30 pm

That price is ridiculous

Boonegoon · Unread post by **Boonegoon** » Tue Jan 06, 2015 4:33 pm

Perfect place for a track and field complex. What other uses do you all think would be good?

JTApps1 · Unread post by **JTApps1** » Tue Jan 06, 2015 4:39 pm

I think the county knows we want it and they are trying to stick it to us. We should have demanded a straight land swap for the Price land we gave them for the new WHS.

Rick0714 · Unread post by **Rick0714** » Tue Jan 06, 2015 6:29 pm

As a 22 year real estate professional, $270k an acre would not be out of range IF it were zoned commercial. However, this price, combined with the land App has donated to the WCS system over the years, is insulting.

moehler · Unread post by **moehler** » Tue Jan 06, 2015 7:09 pm

that is insulting, we give them land, and they refuse to give us a discount price on WHS. Wouldn't surprise me if we had a bunch of commissioners, probably a percentage retired, who don't have a clue about a realistic price for the land, and who hold a grudge against the University, their attitude is, they want the land bad enough, then they can over pay for it. If they hold firm on that price, my guess is the land will not sell and will sit there for a number of years, then they will be forced to either lower their asking price, or start selling it off in pieces.

MountainMan · Unread post by **MountainMan** » Tue Jan 06, 2015 7:09 pm

Given the availability of large tracts of useable land in Boone, $20,000,000 is a good price. I believe an offer around $30,000,000 was turned down near the real estate peak. Anyone else recall the details of that?

Gonzo · Unread post by **Gonzo** » Tue Jan 06, 2015 8:34 pm

Seems a bit high

HeffnerIV · Unread post by **HeffnerIV** » Tue Jan 06, 2015 8:42 pm

Can someone explain to me why we would just give the town/county land? Was there an agreement for future consideration? Did we trade it for another piece?

bcoach · Unread post by **bcoach** » Tue Jan 06, 2015 8:55 pm

MountainMan wrote:Given the availability of large tracts of useable land in Boone, $20,000,000 is a good price. I believe an offer around $30,000,000 was turned down near the real estate peak. Anyone else recall the details of that?

If in fact someone did turn that down it would make them a total idiot. Hope they got fired.

asu24 · Unread post by **asu24** » Wed Jan 07, 2015 9:19 am

bcoach wrote:
MountainMan wrote:Given the availability of large tracts of useable land in Boone, $20,000,000 is a good price. I believe an offer around $30,000,000 was turned down near the real estate peak. Anyone else recall the details of that?
If in fact someone did turn that down it would make them a total idiot. Hope they got fired.

It was turned down by County commissioners led by Jim Deal former ASU Board of Trustees members.

appgrad · Unread post by **appgrad** » Wed Jan 07, 2015 9:26 am

JTApps1 wrote:I think the county knows we want it and they are trying to stick it to us. We should have demanded a straight land swap for the Price land we gave them for the new WHS.

I thought we sold them that land?

bcoach · Unread post by **bcoach** » Wed Jan 07, 2015 1:03 pm

asu24 wrote:
bcoach wrote:
MountainMan wrote:Given the availability of large tracts of useable land in Boone, $20,000,000 is a good price. I believe an offer around $30,000,000 was turned down near the real estate peak. Anyone else recall the details of that?
If in fact someone did turn that down it would make them a total idiot. Hope they got fired.
It was turned down by County commissioners led by Jim Deal former ASU Board of Trustees members.

I rest my case.

McLeansvilleAppFan · Unread post by **McLeansvilleAppFan** » Wed Jan 07, 2015 1:57 pm

asu24 wrote:
bcoach wrote:
MountainMan wrote:Given the availability of large tracts of useable land in Boone, $20,000,000 is a good price. I believe an offer around $30,000,000 was turned down near the real estate peak. Anyone else recall the details of that?
If in fact someone did turn that down it would make them a total idiot. Hope they got fired.
It was turned down by County commissioners led by Jim Deal former ASU Board of Trustees members.

Was Jim doing this so ASU had a chance to buy the property later when ASU could afford to offer something competitive but cheaper than 30 mil.

BTK2000 · Unread post by **BTK2000** » Wed Jan 07, 2015 2:41 pm

What are the chances it gets rezoned to residential. I know nothing about Real Estate other than what I heard the family saying growing up(many were involved in real-estate). To me it seems to be in a place that wouldn't be horrible as a residential area. With all the growth I have seen in wilmington with condos and apartments for the the boomers retiring here, it could very well be worth the price to the right person or developer.

asu24 · Unread post by **asu24** » Wed Jan 07, 2015 3:02 pm

McLeansvilleAppFan wrote:
asu24 wrote:
bcoach wrote:
MountainMan wrote:Given the availability of large tracts of useable land in Boone, $20,000,000 is a good price. I believe an offer around $30,000,000 was turned down near the real estate peak. Anyone else recall the details of that?
If in fact someone did turn that down it would make them a total idiot. Hope they got fired.
It was turned down by County commissioners led by Jim Deal former ASU Board of Trustees members.
Was Jim doing this so ASU had a chance to buy the property later when ASU could afford to offer something competitive but cheaper than 30 mil.

No. The commissioners had visions of a bidding war for the property. Bids were coming in and I think I remember they were holding out for 35 mil. In the mean time the recession hit.

bcoach · Unread post by **bcoach** » Wed Jan 07, 2015 3:08 pm

McLeansvilleAppFan wrote:
asu24 wrote:
bcoach wrote:
MountainMan wrote:Given the availability of large tracts of useable land in Boone, $20,000,000 is a good price. I believe an offer around $30,000,000 was turned down near the real estate peak. Anyone else recall the details of that?
If in fact someone did turn that down it would make them a total idiot. Hope they got fired.
It was turned down by County commissioners led by Jim Deal former ASU Board of Trustees members.
Was Jim doing this so ASU had a chance to buy the property later when ASU could afford to offer something competitive but cheaper than 30 mil.

I hope not as that would be highly unethical and very illegal

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