![]() ![]() Section 5: OPA Board Subject: Pine Shore Golf Msg# 1117005
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Agreed. A million now isn't like a Million in 1990. Inflation | ||||||
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For reference, the above message is a reply to a message where: Darn shame OPA didn’t buy that property, even if a referendum was required to do so. I think it was priced just under $2 million. If we had it now we could get rid of flood water over in that area of the Pines and not be left with an only viable solution of a $20 million or so pipe down Beauchamp Road. (My apologies. The amount a decade ago was $4 million, not $14 and the cost today was estimated to be around $8 million.) Plus, we could now have sold any of that land not needed for our drainage purposed at a profit, or even held it for some future use. As you know, the bank/owner at the time did not accept the offer just under the referendum limit. In fact, your example might be evidence of case for not lowering the limit. |
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