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Al L'Agheny

Note also, who in their right mind will sink 100% private money into such an area? If you are the entrepreneurial risk leader -- the one willing to be first, you'll run the risk of politicians with election demands forcing development into the area by offering all sorts of tax breaks and financing deals, if not outright grants. Good luck at competing toe to toe with the heavily subsidized politically connected types who always seem to be in public/private partnerships...

If you are willing to invest 100% of your own money into that type of deal, you may as well try and buy the Brooklyn Bridge. From me, of course.

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