Last Edited by Ronald van den Hoff on 2/11/2014 2:32:42 PM
For most European municipalities or Quango organizations, such as the Amsterdam Airport Authority, buying agricultural land, changing the zoning, and then closing in for the financial kill, has been one of the big money makers for these institutions over the past years. All of a sudden, due to the crisis, this money machine has also come to a halt. Municipalities will have to devalue billions of Euros on their municipal land holdings in the next few years.
Due to the focus on the reces..