You think a 500 sq ft area is in any way comparable?!?!? LMAO
You're either:
1) Someone who stands to lose money from a restructured contract
2) Someone who wrote the agreement in place now
3) Someone with very little understanding of how optimizing assets works
4) Someone who is broke
The value is set by the owner and consummated when a buyer/renter agrees to pay it. Period. If you ____ up the valuation from the get go, you're bad at business. That's the point we're all trying to make here. Stop hollering about how broke we are, but giving away your valuables.
I don't think UL knows how to build a pricing model. As per LouisianaB's post, were heafty discounts not offered? 44% is really a steep discount...I don't see auto dealers offering that, do you? Join a mardi gras assoc and ask about a 44% discount...
The value is in the scarecity (did I spell dat right...) of available land to pull these big shows off inside of Lafayette. Where else is there that gives the logistics and location of Cajun Field...You take it or you leave it, but UL needs to stop selling access to assets like its selling cases of Hadical...
If memory serves, the area is roughly 65k sq ft that's used for the car show.
So what's that, $0.13 per sq? LOL
Talk about a steal
Meanwhile Moncus is about to have a problem. Had to go to Regent's Bank this AM. Towing was on going, some people might of gotten lucky. People were parking at businesses across the street as far as Albertsons. Won’t be long until the tow trucks will get called in there too. Panera and CVS lots were full.
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