Author: landsker

To recap, in 2004 the adjacent land was valued at and sold to SouthPort for $14,960 per acre and five years later Marineau and Associates, in a new appraisal dated June 17, 2009, values the optioned property at $50,000 per acre. In five years, in a down economy and in the midst of crushing layoffs, industrial property on the North Spit increases in value by more than three times!