Wednesday, March 23, 2011

Why Wilmington Should Buy as Littlle as Possible

Because every time you buy something, there are unexpected risks that come with it.


Major drainage issues at Inland Greens Golf Course have more than doubled the cost of buying the land available for public use.
When the city voted a year ago to purchase the 31-acre golf course for $550,000, officials didn't know they would also have to pay for $800,000 in drainage improvements to bring the site into compliance with state stormwater regulations.

Since then, the city has been in negotiations with the owner and decided Tuesday night to buy the land for a decreased price of $500,000.

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