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StarWarder t1_jburh20 wrote

I'd also like to learn more about the specifics of this process. When Pine Tree buys these assets from CMP... who sets the price of these assets? Also, aren't interest rates on debt at extremely high levels right now? Does that affect the numbers?

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tehmightyengineer t1_jbw1bft wrote

>who sets the price of these assets

Agreement between the various parties, but if there's disagreement then the courts. And, as with any emanant domain takeover, the government generally pays above value. I've seen everything from 130% to 200% of the value thrown around in reading about this.

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6byfour t1_jbxe8q1 wrote

Imagine if we just had a simple bidding process rather than sole sourcing to one company that doesn’t exist yet.

Now further imagine you’re an employer considering investment in a state where the government just points at your shit and takes it when they want.

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