November 19, 2008

Grab Your Ankles; You're Still Being Screwed.

Last week, I discussed some of the problems with the deal being made to purchase contaminated farm land from US Sugar in Bend Over: They're Not Done Screwing You.

Well, I wasn't kidding.

The Sun-Sentinel reports that the very first bid by the state of $1.75 billion was $400 million to high to start with.
...the New York financial firm Duff & Phelps - hired to render a "fairness" opinion on the proposal - estimated the combined value of U.S. Sugar's land, facilities and equipment at a maximum of $1.3 billion.
And remember, this doesn't include the money we'll be spending the remove all the toxic chemicals left behind.

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