Crown asset disposal-Man got 4 hectares, house, barn for $1
"A friend of the head of a powerful federal development agency was given four hectares of federally owned land, complete with house and barn, for $1.
No laws were broken in the deal that saw longtime bureaucrat Larry MacPherson get federal land and cash to build a country inn overlooking the posh Bras d'Or Lakes. Nevertheless, the deal has sparked wonder and resentment on an island that already has 368 hotels, motels, cabins and inns, many of which are struggling to survive.
Consider:
MacPherson was the only bidder when a federal agency run by his friend requested proposals to develop four hectares of land near a popular ski hill."
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(Wouldn't everybody like to be able to buy 4 acres for a buck, or even 1 acre for a buck? Seems like the Sponsorship wasn't the only thing in PWGS that the Auditor- General should be looking at.How many of these similar deals were done around the country?
The only time one would get such a deal were if the property were a real lemon, or the Feds transferred it to another government entity, usually in return for something, or if the property had contaminants that might have to be removed usually at a cost.-i.e. cost of land $1- cost to remove contaminants $200,000- so the land would be obtained for really $200,001 not $1. On the surface , this property didn't fall into these categories. In other words it looks like someone got a very good deal while the government of Canada didn't do enough to recoup money for the government.Some might call it a sweatheart deal unless there were extenuating circumstances.)
