SpaceX offers to buy all nearby property to Boca Chica launchsite
SpaceX has made a purchase offer to all the remaining property owners living in close proximity to its Boca Chica launchsite.
The company has sent a letter to all the owners, stating that the company is
…committed to a fair and equitable process for acquiring this real estate” and, to that end, the company hired an independent firm to appraise each property. … SpaceX is offering you three times the independently appraised fair market value of your property. The offer is good through two weeks from the date of this letter.”
It appears from the article at the link that a number of landowners are unwilling to accept this offer. It appears they to want more money, and also do not like the hard-nosed language of SpaceX’s offer.
Since there are not very many landowners, I would not be surprised if they team-up and get their own negotiating team.
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SpaceX has made a purchase offer to all the remaining property owners living in close proximity to its Boca Chica launchsite.
The company has sent a letter to all the owners, stating that the company is
…committed to a fair and equitable process for acquiring this real estate” and, to that end, the company hired an independent firm to appraise each property. … SpaceX is offering you three times the independently appraised fair market value of your property. The offer is good through two weeks from the date of this letter.”
It appears from the article at the link that a number of landowners are unwilling to accept this offer. It appears they to want more money, and also do not like the hard-nosed language of SpaceX’s offer.
Since there are not very many landowners, I would not be surprised if they team-up and get their own negotiating team.
The support of my readers through the years has given me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Even today NASA and Congress refuse to recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
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5. Donate by check, payable to Robert Zimmerman and mailed to
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Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
While I don’t endorse the practice, invoking eminent domain is something that Trump has advocated before. Aside from the landowners, I don’t know if many people would complain on principle especially if the offer was 3x the valuation. It will be interesting to see how this plays out.
My understanding is that their property values are a lot less than the surrounding areas, so even if the owners get 3X valuation they’d have a hard time finding a similar home nearby.
And I agree with you, David. Eminent domain is abused as it is, I’d hate to see a company I admire resort to such tactics.
Scott M. wrote: “I’d hate to see a company I admire resort to such tactics.”
I’d hate to see the country that I admire allow such tactics. The Fifth Amendment disallowed such tactics until a decade, or so, ago when the Supreme Court misinterpreted it to mean that private property could be taken for somebody else’s private use. Eminent domain for fun and profit.
I must remind everyone that SpaceX has not used any government power here in any way. They are merely using hard-nosed negotiating tactics, which might work, but also might backfire. We shall have to wait and see.