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That's a pretty good

rate of return on real estate.

They bought at the peak of the market; values dropped in 2008 & 2009; and they'll achieve about a 58% profit on the land.

NC certainly needs the jobs. $100,000,000 is a pretty stiff price to pay. And unclear is whether the support from the Gold Leaf Foundation is included within that number. Plus a portion of it is in the form of a forgiveable loan.

Time will tell. Odd that she would plan her Asian junket just as this is coming to fruition and the legislature might need to return to special session to garner approval. One would think she might stick around to ensure this goes through.

And lest we forget, they are offering up to $20,000,000 in incentives for the Ironman movie.

They must think money grows on trees just as all of the entitlement takers believe.

They'll still have to get this one approved by the Legislature due to its size. May not be a done deal quite yet.


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