UVM’s internal politics are, in fact, accounted for in the price of land.
Yes, for that particular plot of land, which they already owned, the land price is not what prevented construction. That particular project’s failure is not a major driving force of the price of living in Burlington.
The fact that 2 acres costs $3MM is a major driving force.
Meh, I just shared the fact that for the same scale of project outside of Burlington, anyone can literally 10x their budget for construction costs based solely on land price differences.
Of course the counterpoint is: a single stalled project with extremely unique economics (built for students and on land that was already owned)
you continually show your lack of information about burlington's real estate situation with each comment. very entertaining to me. thank you for the entertainment as well.
UVM’s internal politics are, in fact, accounted for in the price of land.
Yes, for that particular plot of land, which they already owned, the land price is not what prevented construction. That particular project’s failure is not a major driving force of the price of living in Burlington.
The fact that 2 acres costs $3MM is a major driving force.