In many instances, Guilford County government likes to get as much rent and sales proceeds from its land transactions as possible.
However, it some cases, the county grants or rents property to other local governments or private organizations for a song. Since buying songs on iTunes generally cost $1.29, the county is giving the use of Sternberger Park to the City of Greensboro for another year for what is actually less than the price of a song.
At the Guilford County Board of Commissioners meeting on Thursday, May 5, the board intends to authorize the lease of the park property at 715 Summit Avenue in Greensboro to the city for a period of one year for one dollar.
The small park in the Dunleath Historic District near downtown Greensboro is currently leased to the city and has been for decades.
The new lease begins July 1, 2022, and expires on June 30, 2023 – however, the deal is likely to continue for many years to come.
Guilford County Clerk to the Board Robin Keller said the board isn’t seeking upset offers from the public – that is, the county won’t rent the park to you for a year if you’re willing to pony up $2 to have your own park and change its name to yours.
Keller said, instead, that the county is legally required to notice the public “for the sake of transparency.”
Guilford County, which created a stand-alone Parks and Recreation Department last year, often teams up with other local governments inside the county and bordering it when it comes to park planning. For instance, Guilford County and Greensboro have been in talks for years regarding future of the Bryan Park North – 534 acres of open space in Browns Summit near Lake Townsend. That land is jointly owned by the city and the county.
iTunes is an example of a company that charges what the market will bear. It wasn’t long ago that iTunes charged 99c. 30% increase in a year or two.
I’m sure iTunes paid 30% more in royalties, too…..
Why did you leave out the part about who covers the cost to maintain the park? That is where the real financial impact of the arrangement comes from..?