Re: Question city

[Dan Strassberg <dan.strassberg@worldnet.att.net>]

><<On Tue, 1 Jun 1999 11:39:07 +0000, Dan Strassberg
<dan.strassberg@worldnet.att.net> said:
>
>> If someone were willing to pay the right
>> price for the 630 site, the setup looks tailor-made for 630 to move to the
>> 920 site.
>
At 11:30 AM 6/1/99 -0400, you wrote:

>Unlikely, since the whole Citadel Providence group has its studios at
>the 630 tx.
>
Relocating offices and studios is no big deal. More than likely, though,
Citiadel could retain the building and the parking lot and sell off the
remainder of the property. That's assuming that, minus the building and
parking lot, the remainder of the property had road access. Without that,
it's not worth much. And, of course, the property has to be zoned in a way
that makes it valuable. The presence of the TX/office/studio building
suggests such zoning, but who knows?

Also, the economic practicability of diplexing depends on what kind of lease
deal Citadel could strike with the owners of WHJJ. If the cost of the move
were, say, $500k and the lease cost Citadel $3000/month, how much would
Citadel have to get for the land to make the deal worthwhile? There
certainly is an answer to that question, but I don't know it.

And then there's the possibility of toxic-waste contamination that the
seller would have to remediate before the property could be sold. That is
often an issue with selling AM TX sites. Until sometime in the 70s (I think)
manufacturers of AM TX plate and modulation transformers used PCBs as a
dielectric. I guess that the transformers often leaked. Supposedly, that
issue had a lot to do with the low price that Heftel (I think it was) paid
for WADO. A toxic-waste problem ought to be enough to make WPRO stay
put--forever.

- -------------------------------
Dan Strassberg (Note: Address is CASE SENSITIVE!)
ALL _LOWER_ CASE!!!--> dan.strassberg@worldnet.att.net
(617) 558-4205; Fax (617) 928-4205

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