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Candlestick swindle

2013-12-26 19:25:11.57477+01 by Dan Lyke 0 comments

Anatomy Of A Con: How The Public Was Scammed To Build Candlestick Park.

In 1957, Harney sold back 41 acres of the parcel he had purchased from the city in 1953 at $2,100 an acre. The 1957 price the city paid to Harney for its own former land was $65,853 an acre. That's a crisp total of $2.7 million.

A good article on how funnelling money through a non-profit, and various other machinations, allowed San Francisco to push a whole lot of public dollars into private coffers.

[ related topics: Bay Area California Culture Currency Real Estate ]

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