“Best” land investment in Brazil…
Ok, maybe not the “best”, nor is it even “land” (yet)…but it would surely make one heck of an investment…
Im talking about the “land” over the ugly canals / rivers running through many Brazilian cities (such as Recife, where Im located). Ok, so…its really just empty space right now…but with a little “out of the box” thinking…maybe really out of the box… you can see that empty space in the middle of the city could make for a really great investment.
Attributes:
- (a) really cheap, and
- (b) near heavily populated areas, and
- (c) something the city would probably love to cover up (at least the tourism minister would!).
- so…its cheap land, near populations, with a government that would love to bring in developers. Thats a good combination. But, would it work
For example..one block off the beach in “Boa Viagem” , there is a disgusting poo-river that separates the beach from the condos. Wow, thats the kind of “river” that scares away foreign tourists. But, what could be done about it? Burrying pipes under the ground would be too expensive….
But then I saw a solution….half way between downtown and the rich neighborhood of Piedade…there is a “Shell” gas station which was built on a covered island over the top of the creek. You see…they built their business ontop of the river…giving them access to both main roads, and lots of available customers. In addition, they cover up the ugly / stinky river of poop. Great situation. Win-win.
What could be built on this “cheap land”?
I’ll bet you that the “land” over the river is extremely cheap…if the right developer came along, they could buy up the rights…cover the creek just like Shell did, and put businesses there.
Just one block off of the beach, with rich condos on either side… it looks like a great investment to me. You just need to figure out who put up the Shell station, and how they negotiated the land purchase / lease…and do the same.
Benefit to the city: covering up the poop-river would increase the attractiveness for tourism. Plus, by having a “bridge”, you would increase the value of the land on the other side, and would further the development of land across the river (if you had a nice/ easy way to cross the river to go to the beach…and didn’t have that stinky river there… the land would be more valuable, and more condos would be built, which means more taxes for the city, etc).
Hope someone tries this one…not just in Recife but anywhere. Instead of seeing the river as an eye-sore…or as lost space…think of it as the cheapest “land” in Brazil…and go develop on top… good luck!
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