I'd say that your statement above calls into question your credibility as a self-proclaimed "private investor."
You are either ignorant of the facts or are willingly turning a blind eye to them. The taxes collected by the city are going to range between $3.2 and $3.5 million year depending on which number you pull off the city website. Multiply that out by the 20 year term, Terry. Even with moderate appreciation we are over the $70 million mark. Perhaps a third grader with a calculator can explain it to you.
Bring some substance to the table for a change besides more obfuscations.
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