Scott Walker plans to sell off another chunk of county land in Tosa, this time 8.6 acres, to Wisconsin Lutheran College, according to the
Shepherd Express and the
Business Journal.
The asking price? $100,000 an acre.
I don’t know what the going price of land is, but there’s an acre of land divided into six lots for sale at about 49th and Bluemound in Milwaukee's Story Hill neighborhood. The asking price? $149,000. Per lot.
Six-and-a-half times higher than this prime land in Wauwatosa.
An acre in the Research Park across the street from the land that now is a county greenhouse goes for $150,000, with one plot valued at $400,000/acre.
In July,
HSA bought 24 acres of the former warehouses for Kohl's Food Stores Inc. in the Burleigh triangle for $9 million. My math isn’t great, but doesn’t that come to over $300,000 an acre?
The parcel being discussed is behind the county garages on Watertown Plank Road and next to the athletic complex land the school bought a couple years ago, also for $100,000 an acre. The College holds an option to buy the land at that price for 5 or 10 years from the date of the first deal, depending on whose report you read.
Someone looks to be a shrewd bargainer here. I'll leave it to you to guess who.
