An elderly Pennsylvania man turned down an offer of more than $15 million to sell his land to data center developers.
In an interview published on Feb. 16, Mervin Raudabaugh, 86, of Cumberland County, shared why he opted out of the $60,000 per acre that developers offered for his 261 acres in an interview with local outlet Fox 43.
“I was not interested in destroying my farms,” Raudabaugh, who has spent roughly 60 years farming in Silver Spring Township, told the news station. “That was the bottom line. It really wasn’t so much the economic end of it. I just didn’t want to see these two farms destroyed.”
I can totally see him not selling, data centers move in next door. then he starts selling off bit by bit because he can’t afford the property tax anymore.
Land “value” rising due to this kind of stuff is stupid. If anything, it should not change, so it provides no incentive for people to have these centres near.
That or his family gets a judge to declare he isn’t mentally sound because he turn down 15 million dollar deal.
Hes got 260 acres of land at 86. Hes clearly already a multimillionare that is happy with his home, and does not need the money to live.
Nothing insane in not giving up your family home of several decades for a bunch of money you cant really use.
EDIT: Reading the article, looks like he sold it to a land trust who will preserve it as is instead for $1.9 million. Seems to me he made the better deal after all.