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Sunday, April 14, 2013

How much is Dorothea Dix property really worth?

A Republican-sponsored bill to revoke the city's lease for a destination park points to a 2011 state appraisal of $84 million as the land's "fair market value." Raleigh's 75-year lease is calculated to be worth $68 million over the life of the contract.

http://www.newsobserver.com/2013/04/14/2825483/how-much-is-dorothea-dix-property.html#storylink=rss

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