Originally Posted By: thseng
A large manufacturing company could make a killing by buying up a bunch of land in the middle of nowhere and building a plant in the middle of it. . . .
Then the company could start selling off the property to the gas stations and big box stores...


If I recall my history correctly, this was basically done in the U.S. during the 19th century by the railroads in their expansion west. The government gave the railroad a land grant of one mile on each side of the new track they laid. Then, the railroad would sell off the land; it had increased in value dramatically by being near the railroad. It seemed to work, even though a lot of small railroad companies went broke, a lot or rail got put down and a lot of money was made.


Edited by bws48 (02/27/10 12:35 PM)
Edit Reason: typing and spelling
_________________________
"Better is the enemy of good enough."