“Apple Inc. needed land owned by Donnie and Kathy Fulbright for a $1 billion data center in rural North Carolina. The couple showed no interest in moving out of their home of 34 years in the town of Maiden,” Adam Satariano reports for Bloomberg.
“The Fulbrights say they spurned one offer, then a second,” Satariano reports. “Finally, they agreed to sell for $1.7 million, county records show, opting to leave the single-story house on the less than one acre of land they purchased for $6,000.”
Satariano reports, “‘They told us to put a price on it and we did,’ said Kathy Fulbright, 62, seated on a brown leather sofa in the living room of the home she and her husband built with the proceeds. The 49-acre property boasts a 4,200-square-foot house with a Jacuzzi in the master bathroom, as well as a manmade pond stocked with bass and catfish.”
Full article here.
MacDailyNews Take: Win-win.
I wish…
I wish…
Good for them.
Good for them.
@ DJ –
ditto
@ DJ –
ditto
Chump change.
Chump change.
Donnie and Kathy Fulbright – only in America. That should be, (Only in the USA). After all, Mayheeco and Canuckland are in America.
Donnie and Kathy Fulbright – only in America. That should be, (Only in the USA). After all, Mayheeco and Canuckland are in America.
Hey Apple,
Want to build a data center on an unusable half acre in Pittsburgh?
Hey Apple,
Want to build a data center on an unusable half acre in Pittsburgh?
Before or after tax?
Before or after tax?
If they were smart they’d have asked for Apple stock instead.
If they were smart they’d have asked for Apple stock instead.
I guess when one acre stands in the way of a billion dollar investment, a measly $1.7MM is just a drop in the bucket. I’m sure they never expected their investment in land and a home would reward them with that amount of return.
I guess when one acre stands in the way of a billion dollar investment, a measly $1.7MM is just a drop in the bucket. I’m sure they never expected their investment in land and a home would reward them with that amount of return.
win-win: think of how many North Carolinian neighbors of Don & Kathie the data center will employ… maybe one of their grandchildren.
win-win: think of how many North Carolinian neighbors of Don & Kathie the data center will employ… maybe one of their grandchildren.
“f they were smart they’d have asked for Apple stock instead.”
Did they even know Apple was the intended buyer? Sometimes those looking to purchase large tracts use fronts to avoid driving the asking price higher. That’s what Disney did long ago when they were buying land in Orlando for Disney World.
“f they were smart they’d have asked for Apple stock instead.”
Did they even know Apple was the intended buyer? Sometimes those looking to purchase large tracts use fronts to avoid driving the asking price higher. That’s what Disney did long ago when they were buying land in Orlando for Disney World.
Steve, you can use my house for half the price. Seriously!
Did they just happen to be sitting directly on a couple of redundant fiber-optic trunk lines, at the intersection of two independent power distribution networks?
Steve, you can use my house for half the price. Seriously!