Posted by David Krulac on March 13, 2007 at 15:56:02:
you’re probably not in Pa, and not in the coal regions. the point of the article was not that this was the most expensive real estate in the country. But that it was a turn of events for the depressed coal regions.
$1 Million an acre in Pa. Coal Region - Posted by David Krulac
Posted by David Krulac on March 11, 2007 at 15:49:25:
http://www.cumberlink.com/articles/2007/03/10/ap-state-pa/d8npplug1.txt
Re: $1 Million an acre in Pa. Coal Region - Posted by Bill H
Posted by Bill H on March 13, 2007 at 05:01:31:
Hi David:
Glad to see new records being set in the PA Coal Mining area.
Land in the western end of the San Fernando Valley in Los Angeles was selling for over a million an acre back in the 70’s.
Most expensive piece I am aware of recently was a 1.3 acre ocean front lot that sold to a casino in Biloxi, MS. It went for 13,000,000.00. Casino bought it, built a hotel and casino on it and cleared the debt in about 9 months if I remember correctly.
Land in Japan used to be about 4,000 per square foot in the prime area of Tokyo. And do not remember but it was astronomical in downtown Hong Kong.
Good Luck,
Bill H
Re: $1 Million an acre in Pa. Coal Region - Posted by phil
Posted by phil on March 12, 2007 at 16:39:04:
I get file not found, with that above link
Re: $1 Million an acre in Pa. Coal Region - Posted by Bob Smith
Posted by Bob Smith on March 13, 2007 at 13:50:17:
I’m not sure what land along The Strip (Las Vegas) goes for, but I imagine it’s comparable. They just demolished the Stardust Hotel (just your average totally worthless 1,000 room 32-story hotel) in order to build a new casino/hotel called The Echelon. It’s estimated at three years, 4.4 billion dollars, over 5,000 rooms.
the article said… - Posted by David Krulac
Posted by David Krulac on March 13, 2007 at 05:55:18:
the jist of the article was that a strip of secondary road between the Interstate 81 and the new Mohegan Sun casino. Pa. just legalized slot machine casinos in Nov. so its the rage. Currently table games are NOT permitted but many are thinking the law will be changed.
You are so right article deleated, sorry NT - Posted by David Krulac
Posted by David Krulac on March 12, 2007 at 17:35:50:
`
Re: $1 Million an acre in Pa. Coal Region - Posted by David Krulac
Posted by David Krulac on March 13, 2007 at 15:54:12:
Vegas strip worth much more and lots of other places too. But coal region has been depressed since coal went out of favor. Houses sell for $20k.
Re: the article said… - Posted by Bill H
Posted by Bill H on March 13, 2007 at 10:50:26:
>>>>>Currently table games are NOT permitted but many are thinking the law will be changed.<<<<
Up in WA, they allowed poker games and table games but NO slots at the Indian Casinos.
Indians over east of the Cascades decided they did not like that and said they were putting in slots.
Bought several truck loads of them and were in a convoy to be trucked into their casinos. Got into WA and ran into slight problem.
State did not like the idea so they “Hijacked the trucks.”
Inidans and Federal Government did not like the hijacking.
Result: They got slots in WA.
Good Luck,
Bill H
Re: You are so right article deleated, sorry NT - Posted by Cletus
Posted by Cletus on March 12, 2007 at 17:48:17:
WHEW!!! For a moment there yesterday I thought I broke the internet…
Re: You are so right article deleated, sorry NT - Posted by Gruber
Posted by Gruber on March 12, 2007 at 17:59:13:
no that was me that dun broke it, and after that nice man Al Gore invented it.
Re: You are so right article deleated, sorry NT - Posted by camgere
Posted by camgere on March 13, 2007 at 08:27:48:
Yea, but it was Naomi Cambell that gave it content.
I’m living on .1 acre thats worth way over $100k, so I’m not all that impressed.