Imagine the following scenario: Bob has a for-sale sign on his Ford pickup truck. A stranger is looking it over, seemingly interested.
“What will you pay for my truck?” Bob asks the man.
“I’ll give you $3,000,” the stranger responds.
“No, that’s too much. I’ll sell it to you for $2,000,”the seller says.
This is not how people normally negotiate the sale of their property to strangers. Unfortunately, that seemed to be how some Las Vegas City Council members wanted to approach the sale of city land in the industrial park — property owned by all of us.
At a recent City Council meeting, city staffers presented an offer from local businessman Ray Herrera for the purchase of a lot in the Dee Bibb Industrial Park. According to a letter from Herrera, he was offering $22,800, the land’s appraised value.
But during a council discussion, Councilman Cruz Roybal said he had driven by the land and that it wasn’t worth that much. He proposed a 10 percent reduction, noting that it would cost to extend city utility lines to the property.
Councilman Morris Madrid agreed that the city may want to reconsider the asking price.
We’re sure the two council members had the best of intentions. But they are negotiating for the sale of city land, not their own. Herrera, a businessman, obviously saw value in the land and was willing to pay $22,800. It’s inappropriate for a council member to suggest that the city sell it for less now that Herrera is on record with his offer.
As a result of Roybal and Madrid’s questions, the council voted to delay consideration of the price. When the council ultimately votes on this issue, we hope common sense prevails.