Johnny, you better be prepared to start looking the other way.
Even if the Morton's get $5M less than their listed price, they'll
still be $30M ahead of the state's offer, and I bet they have a pretty
good idea what it's worth to developers.
Sigh.
ScottGee1
On 8/14/06, Johnny Johnson <jjohnso4@xxxxxxxxxx> wrote:
> At 03:57 PM 8/14/2006, Geilfuss Charles wrote:
>
> > This discussion of tripods brings to mind a comment made
> > during one of the lecture sessions at Grandfather Mountain by a
> > photographer who made great use of a 600mm lens in Cades Cove.
>
> I received an Email from a friend today saying that the Morton family
> has put Grandfather Mountain up for sale with an asking price of $55
> million. He also said that the state would love to buy it but their
> appraisal only came in at $20 million and, by law, they can't pay
> more than the appraised value. I hope that they can work something
> out. I sure would hate to see that property developed for vacation
> homes, or worse yet, a hotel sitting on top.
>
> Later,
> Johnny
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