Scotia and the Hedge-Fund Firm That Owns It - Northwestern Pacific Railroad Network2024-03-28T18:57:02Zhttp://nwprr.net/forum/topics/scotia-and-the-hedge-fund-firm-that-owns-it?commentId=3290209%3AComment%3A113077&x=1&feed=yes&xn_auth=noThe article states the follow…tag:nwprr.net,2013-12-28:3290209:Comment:1130772013-12-28T17:37:23.322ZDave S.http://nwprr.net/profile/dms
<p>The article states the following:</p>
<blockquote><p>In 2010, Marathon filed an analysis with Humboldt County showing it expected to sell the homes for between $175,000 and $225,000. At the high end of that range, the fund would collect more than $60 million from the sales. Mr. Bacik said the homes should be among the most affordable in the county.</p>
<p>Whether current tenants will buy in Scotia is an open question. Longtime resident Richard Walsh, 65, one of several residents elected to…</p>
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<p>The article states the following:</p>
<blockquote><p>In 2010, Marathon filed an analysis with Humboldt County showing it expected to sell the homes for between $175,000 and $225,000. At the high end of that range, the fund would collect more than $60 million from the sales. Mr. Bacik said the homes should be among the most affordable in the county.</p>
<p>Whether current tenants will buy in Scotia is an open question. Longtime resident Richard Walsh, 65, one of several residents elected to help run the town as Marathon steps back, said recently that he was considering buying. He wants to hold off until he has an idea of whether locals will end up owning most of the homes or if they will just be snapped up by another big investor.</p>
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