No more questions being accepted and apparently the whole thing will close at the end of December. I’ll miss it because, unlike the somewhat similar Yahoo service, the fact that askers paid and answerers earned served to sort of enhance the quality of both the questions and answers.
Category: Miscellaneous outrages
Another sweet deal for farmland owners…
…and somehow the Tribune can’t see it. Today’s edition carries Jason George’s article Cashing in on the Hunt, noting that a lot of farmland is valuable for hunting. OK, it’s tough to make a living as a farmer, so farmers are getting from $25 to $50 per acre (in Pike County) for allowing hunters to use their land. So far, so good, this probably isn’t the best farmland anyhow. (George doesn’t clearly explain whether the same land can be farmed during the summer, then used for hunting in the late fall, but I believe that it can.)
A local farmer, who’s also a real estate agent, says that the revenue “really helps pay those real estate taxes.” It would make you think that real estate taxes are more than the hunting revenue. Not so. Correlating 2003 data from the Illinois Department of Revenue and the 2002 U S Census of Agriculture, Pike County farms pay less than $12/acre in real estate taxes, an effective rate of about 2/3 of 1% on value ($1840/acre). I bet Chicago-area homeowners, who pay two to three times this percentage of value (see this report), would love to have such a deal.
The Tribune, who in the past have done a good job of explaining how farmland owners profit from political favors, missed a chance to point it out.
Unfortunately, it is the custom of the Tribune to hide most of their articles behind a paid-subscriber screen after a week or so. I can’t find any other publications who carried this article, but it contains the phrase “whirring wings of pheasants” which might be useful in a future search.
Update on December 6: The Tribune link (above) still works!
More Block 37 news
Joseph Freed & Associates has bought the retail and transit portions of Mills’ Block 37 project. Apparently what they bought is the right to build the retail space and the transit station (How does one make money from building a transit station? Maybe one gets taxpayers to pay for it?). Price “undisclosed.” Reports from Crains, Tribune, Sun Times.