Wednesday, February 20, 2013
It's Only Money
Nathan Mayberg reports today in the Register-Star that the $629,000 the Columbia County Board of Supervisors has agreed to offer for 15 acres of the Meadowgreens Golf Course, in order to expand the runway protection zone at the Columbia County Airport, is more than the assessed value or the market value of the entire 96-acre golf course: "Airport offer more than assessed value."
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Even though Board of Supervisors Majority Leader Matt Murell abstained from the vote, maybe there was an offer the Board of Supervisors couldn't refuse? Seems pretty stupid to spend $629,000 for 15 acres when the entire 96 acres are assessed at just $564,000. What didn't the Board understand? Assessed value per acre is $5,875. Board wants to pay $41,933 per acre. That's more than 7 times the assessed value per acre. Maybe they each get a lifetime membership to the Meadowgreens Golf Course?
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