. It assembles the land at current – not prospective – value and then sells it on to the developer, recouping the difference for the public purse. And rightly so, too.
On the other hand, we might look at it from the standpoint of Intel. Why were Intel prepared to pay what they did? They aren’t fools. They must have known that the land was assembled in a sea of ignorance that redounded to the advantage of the buyers.
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