Edd let me tell you how cities and governments operate. You happen to own a very nice piece of property and the city decides they need it for a park. They take it through eminent domain or with the threat of eminent domain, and buy it at a decent price. In Minnesota they only buy property with a warranty deed. They use the property for a park for a few years and then decide to sell it as a commercial site, for at least 10 times what they paid you for it. I am sure you would think that is fair. They s_rewed you for the public good. There are statutes in Minnesota to protect the citizens from that.
Another example, You own a farm on the corner of a major highway and a heavily traveled county highway. Your dept. of Transportation decides that there needs to be an interchange there. They buy 15 acres from you. After the interchange is done they only used 6 acres. They have 9 acres of your former property on the corner of two major highways. Looks like prime commercial real estate to me. I am sure you would not mind when they sell it for maybe 100 times what they paid you for it. You would get a warm fuzzy feeling knowing you did the right thing.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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