Riverside should fetch top dollar for the city
Richard Beplat New London
Publication: The Day
If the sale of Riverside Park is to go to the voters, then a realistic price needs to be established, and it isn't $2.4 million or $2.5 million. I suggest using a valuation model based on the settlement provided to the Fort Trumbull holdouts.
Assuming a multiplier of 8 applied to the purchase cost or appraised value, then a fair estimation of $19.2 million to $20 million should be used for voters to make a decision.
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Riverside should fetch top dollar for the city
If the sale of Riverside Park is to go to the voters, then a realistic price needs to be established, and it isn't $2.4 million or $2.5 million. I suggest using a valuation model based on the sett...
HIDE COMMENTS