Leave it to Dustin, The Bet, and oh yeah — Gilbert Real Estate

Somehow I’ve missed this from the Blogfather of real estate weblogging. I think it’s brilliant. Dustin, brilliant, there’s a shocker.

UT vs ASU in the Holiday Bowl. The bet is on. When UT wins, Jonathan has to write “I LOVE UT” (or I ? UT) on his forehead, in Sharpie, and post a pic on his blog. Should ASU happen to get lucky, Lani and I will do the same with “I ? ASU”.

The Gilbert Town Council will consider tonight whether to acquire 40 acres of land near Germann and Lindsay roads. Despite falling prices, Gilbert real estate and raw land isn’t cheap — the Town expects to pay around $14M for the parcel ($350K/acre). The purpose is to build a public safety training complex.

According to the Arizona Republic, there’s an interesting “buy now ask the taxpayers to pay later” thing going on here:

However, Gilbert officials hope to have those costs reimbursed through a future bond issue, a strategy that also must receive council members’ approval.

Huh. Wonder what would happen if voters reject that bond proposal after the land is purchased?

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Dining Room Set

I do hope that it does not happen that we have to see your photograph again! All the best!

AZ Foreclosures

huh. All in all, Gilbert's planning committee has done a great job building up Gilbert- but that's a big gamble with our funds- banking on the bond going through. Great post!

Coop

Uhm, you live in Phoenix and your rooting for Texas? Whats up with that?

Jay - The Phoenix Real Estate

Hey Coop, long time no "see".

I lived in Austin for 20 years, went to High School in San Antonio, and attended UT. It's often difficult for an Army brat who moved every couple of years to identify where they are from. I may currently live in Phoenix, but Austin is "home" to me. As such, I just can't root against the Horns.

My wife on the other hand, was born and raised in Phoenix. She lived in Austin (and loved it) for 9 years, but she can't root against ASU.

Somehow, she has corrupted my son, who was BORN in Austin -- he'll be rooting for the Devils too (he's currently planning to attend ASU in a couple of years).

My daughter, also born in Austin, will be pulling for the correct team.

It should be an interesting day in the Thompson household!

Lani

OH IT'S SO ON!!!!!! Can't wait to see Dalton, Damon Pace, and Steve Belt with "I HEART UT" on their foreheads as they take a pic of their sad pouty faces!!!!

Late Night Austin Real Estate

I am still in shock over UT losing to A&M. I keep hoping it was a bad dream I am going to wake up from.

Jay - The Phoenix Real Estate

AZForeclosures - I agree, Gilbert has done a good job with growth (traffic infrastructure could use a lot of help, but that comes with explosive growth).

I suspect the bond issue will easily pass, they usually do. And apparently the money is already socked away somewhere, just in case.

Another Gilbert dairy farm bites the dust in the name of progress (and a tidy profit for the owner, I'm sure).