I agree, that’s been my biggest concern. The land should not take much in terms of development to prepare it, but I don’t know the specific requirements of proximity to the grid/substation.
We have received quotes for around $3 million to sell outright, but that would be a much more difficult conversation because it’s land that is jointly owned by multiple family members. We are hoping this is an accommodation to those that want to hold the land but still drive revenue and hopefully the value is that much greater for the next generation.
It’s something we’re considering but the numbers I’ve seen don’t match the profits I know to be out there. Our family has hit a point where everyone is old/young enough to pitch in to business pursuits and I’m a big believer in working to get something done on your own accord before outsourcing. I’m just doing my due diligence on seeing if this isn’t something we can manufacture on our own and maximize the profits.