MichaelWacey
OwlSaver
Premium
join:2005-01-30
Berwyn, PA
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Re: As Predicted...
In most auctions of public assets, there is a requirement to make good economic use of the asset for the public good in a specified time. If the winner does not, they loose both the asset and the money they payed for it. Land auctions typically work this way.
Does anyone know if this auction has such a provision? If it does, do they define 'economic use' and 'public good'? |
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russotto
join:2000-10-05
Collegeville, PA | Yes, these auctions contain build-out provisions. I do not know the wording; I do know that it is based on covering a certain percentage of the population with service. |
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