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7: Nov 27, 18:07
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Posts: 166
I looked this up last week: According to a figure posted in New York magazine in 2010, what is the land value of the 843 acres of Central Park? -- nm
Posted by
prayformojo (aka mayhem)
Aug 27 '13, 10:54
(No message)
Responses:
$46.4 billion -- nm
-
Don Homer
Aug 27, 11:01
You have to factor in the cost of the riot police and possible military involvement if anyone tried to develop it -- nm
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Beryllium
Aug 27, 11:00
2
Just talking about a price is dangerous. -- nm
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Max
Aug 27, 11:04
Ha! See my post below. Riots day and night. -- nm
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Krusty
Aug 27, 11:04
Jeez, that would be prime real estate. I guess like 50-100 billion. -- nm
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Krusty
Aug 27, 10:56
18
I just realized my guess included potential values of the buildings so I'm probably crazy high. -- nm
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David
Aug 27, 10:57
17
I think I'm low. It has to be more than a $100b but less than a trillion. -- nm
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Krusty
Aug 27, 10:58
11
You're sorta in the neighborhood (spoils)
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prayformojo
Aug 27, 11:00
10
I gotta say, that seems too high... over $600 million per acre?? -- nm
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Don Homer
Aug 27, 11:04
3
Either your math is way off or mine is. -- nm
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David
Aug 27, 11:16
Trump Tower is 58 floors and takes up much less than an acre it is valued at over $310M - I don't think the numbers are that far fetched -- nm
-
decline
Aug 27, 11:15
1
yeah, I wasn't factoring in highrises as much as I should have. I just guessed a flat rate of $55 million/acre. -- nm
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Don Homer
Aug 27, 11:19
Right. Without the park the value of every property around it drops significantly. Still expensive but not Rockefeller expensive anymore. -- nm
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Krusty
Aug 27, 11:02
2
you're assuming that that (all of) it would be developed -- nm
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zork
Aug 27, 11:07
1
That's what we're talking about, I thought. -- nm
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Krusty
Aug 27, 11:08
If that land ever came available, the basic traffic patterns of NYC would be rewritten on the fly. -- nm
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David
Aug 27, 11:01
2
The people of NYC would riot if they tried to touch one inch of that park.
-
Krusty
Aug 27, 11:03
1
But as to your point, the grid would fit it perfectly. It would be real easy to develop the area once you filled in the rivers and lakes. -- nm
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Krusty
Aug 27, 11:05
not as far off as some of the people I asked last week so said along the lines of
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prayformojo
Aug 27, 10:57
4
Ha! $3m isn't getting you any acres in Manhattan. :-) -- nm
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Krusty
Aug 27, 10:59
2
some condos are more than that -- nm
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zork
Aug 27, 11:08
1
Yup. Change some to a lot and you nailed it. -- nm
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Krusty
Aug 27, 11:10
with an "m"? wow -- nm
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Beryllium
Aug 27, 10:59
I'll guess $1.3 trillion. -- nm
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David
Aug 27, 10:55
CTTP or TPIR rules? -- nm
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con_carne
Aug 27, 10:54
2
CTTPIR: We ask Drew Carey and whoever is closest to his answer wins. -- nm
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Ender
Aug 27, 10:58
1
Welcome to Whose Price Is Right Anyway, where the rules are made up and the value of Central Park doesn't matter! -- nm
-
Beryllium
Aug 27, 10:59
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