State OKs South Hill land swap

State OKs South Hill land swap

There are 1 comment on the TheNewsTribune.com story from Feb 8, 2006, titled State OKs South Hill land swap. In it, TheNewsTribune.com reports that:

A plan to swap 320 acres of South Hill forest land for the site of a Walgreens drugstore in south King County was approved Tuesday in Olympia, despite objections from residents who would like to conserve the ...

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Dick King

United States

#1 Feb 8, 2006
Sounds like Investco Financial Corp. is getting a pretty good deal, here. They're giving a one and a half acre parcel of property, plus $600,000, in order to receive 320 acres of property. I'm guessing that comes to around $15.00 to $30.00 an acre? That's not the sort of deal ordinary men can get on property; now is it. But, it's ready cash for the politicians who, according to the article, have a sharp eye for the taxable income potential of the land.

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