Wednesday, April 1, 2009

GGP to liquidate all Columbia assets

Predatory lenders have finally caught up with GGP and forced it to liquidate all its land assets in Columbia. The County government has agreed to purchase the assets for the $12 billion that GGP owes to both stimulate our economy and protect us from incompetent development/unmitigated greed. Economic self-interest has proven itself not to work, so we are now trying political self-interest. This has never been tried before.

A county official who will be charged with overseeing the development had this to say about the deal: “One fish, two fish, red fish, blue fish, knick-knack paddy whack, give a dog a bone.”

More on the deal available here.


Anonymous said...

You had me.

Eludius said...

Happy April Fool's Day!

Jack said...

I was gripped to the post . . . fingers on the wheel of my blackberry ready to speed dial Greg Hamm . . . I clicked the link . . . then I got the joke.

Nice one.