Wednesday, September 8, 2010

land war

Land War
An interesting situation is developing that I hadn’t thought of before concerning the HEC. Bernard Ofstehag just sold 140 or 160 acres to Dakota Eastern for $4280 an acre. This presents a situation that could really get ugly. When Hyperion said they were going to start buying property on the fringes of the HEC I thought somebody was misquoted. Why would Hyperion buy land that they have released options on unless some new developments have shown up? This would give impetus for other speculators to start buying up land and I’ll be damned if it isn’t happening. Wonder where this is headed?


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