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Reply to "Govt spent US$5M to rehab Sanata, then sold it to Ramroop for US$3.4M – Audit report reveals"

Not surprising, the asbestos removal and derelict status of the complex required expensive rehabilitation. In the end the govt of the day had to throw in the towel as it could not perpetually keep maintaining a derelict structure that govt had no business owning. The fire sale to Ramsaroop was in line with govt policy at the time, to divest itself from private enterprise. When Ramsaroop took over the complex, it was a liability. The windfall today is a factor of rising prices of real estate from 2010 to 2015. Not unusual for land/property appreciation.

FM
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