[Clarkmeister]

Yet another example that the land is overvalued. It's easier to find a sucker to pay you 15m an acre than it is to try and actualy get an ROI and monetize through development. Not one single person who has a basis north of $10m/acre has actually built anything. The closest anyone's come is strategic acquisitions by Harrah's and Boyd, but it's apples and oranges.