I had told a couple of people what my plans would be if I was a mega-real estate investor. I had some ideas about how to make a lot of money. One idea is now taken. I guess it didn't take much to think of the idea I had.
My idea involved changing the use of the Greyhound bus station. After I bought my place on Arlington, I thought the land potential value of that property was ten times higher than the current use. Recently, the former Mayor, Larry O'Brien, had been pushing for Greyhound's relocation. I knew then that somebody else was planning big things.
I obviously couldn't act because I don't have the resources to pull it off. I knew at some point that someone else would figure it out, but didn't think the wheels would be in motion so soon.
The plan is developing. In fact, there was a recent article about the plan. It can be found at the following link:
As for my thoughts, I think I'm super excited about the plan. The plan calls for homes to be built on the Arlington side of the property. This will make my two semi-detached units more appealing. It may also make it easier to perform an infill later on. It only increases the value of my properties. I also think the plan to move the Greyhound is a good one. Currently, it is not set up on the municipal transit service. At the VIA rail location, there is an expectation that the new light-rail will connect there. Overall, it's a win-win-win for all of the parties involved.
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