Posted by Ed Copp on October 08, 2003 at 20:55:22:
to be true, then it is likely that this is the case.
I have known several people who have looked into this, none with any satisfaction. One case comes to mind where an individual was offered the same price he paid in 1968, for some land in Dade county FL. This property had a road access, and a street adderss. Must be bad down there, no appriciation for 35 years.
Your tax dollars at work.
Federal Land Trusts? - Posted by Dan
Posted by Dan on October 08, 2003 at 15:18:24:
Hi all,
I currently own some land that lends itself to a variety of development options. However, due to the topography and the surrounding land I believe it may be a candidate for preservation. I recently was told that if I were to put together a plan to develop the land, I would be able to present it to the Federal Government and they would buy the land from me at the market value (after the land was developed), in order to preserve the land for public use. I am aware of Land Trusts, but this sounds almost to good to be true. If any of you have heard about this type of thing or anything related to it please let me know where I can get some more information! Have a great day!
Dan