Other – Feoffees – 19940512 – Annual Meeting Minutes

The most interesting thing to note here was that in 1994 the assessed value of the land was $22,400,000.  So the net proceeds from the sale of Little Neck in 2012 would be slightly less than the assessed value 18 years ago.

Put another way, using the Case-Shiller real estate index for the Boston area, the adjusted value of the land today would be a bit over $50M.