Thank you for the expedient reply Phillip. I know it’s a question without specifics. The owner is going to sell, wants an inflated price, and oh by the way, he has been told by the authorities that he has to replace the plant!
Apparently, he isn’t going to do the replacement himself, and he has done zero work to even get an estimate. I guess he’s hoping for a really dumb buyer who doesn’t know it’s going to be a huge expense to replace it to code. The park isn’t in the city, so I guess it’s the TX DEQ after him. Because his asking price has been so high, I haven’t pursued a quote myself yet with any vigor. The seller has a big dose of reality on the way about what the park is worth with this big CAPEX hanging over its head.
I threw out a guesstimate number of $300,000-500,000. I’m not sure if he just didn’t like that I wasn’t the dumb guy, or he really doesn’t know what the cost is going to be, but the response was muted.