DR TCB, the City of Middletown had nothign to do with this sale. ItThe buyers are the same buyers who turned us down last week because of the highway median issues and no ability to turn left onto the property. The buyer really wanted the space, and at this point they knew they had us over a barrel. Thety offered us half of the last selling perice, we countered, and it;'s done.
We literally gave the property away, but Randy and Macbeth knew they were beat, and they have no urge to continue property tax payments. We knew our only options of selling the lad last week were one of the following:
1. goad the CVity of Middfletown to buy it from us
2. auction it off, a gamble since it might have sold for very little or for a great deal and we did not want to gamble,