Re: (Annual repost) MA needs easement for seashore walks *below* tide line.
- From: EskWIRED@xxxxxxxxxxxxxxxxxxx
- Date: Thu, 30 Jun 2005 11:15:12 +0000 (UTC)
[ This is a repost of the following article: ]
[ From: "David Chesler" <chesler@xxxxxxxxxxxxxxxx> ]
[ Subject: Re: (Annual repost) MA needs easement for seashore walks *below* tide line. ]
[ Newsgroups: ne.general,ne.politics ]
[ Message-ID: <1120105332.805388.150640@xxxxxxxxxxxxxxxxxxxxxxxxxxxx> ]
Hugo S. Cunningham wrote:
> I propose a *long-term* buy-out (eminent domain) of oceanside
> tidal-zone walking rights.
> An immediate eminent-domain seizure of oceanside tideline
> walk-easements would quite likely be expensive, even taking into
> account compensating *increases* in shoreside property values from
> access to desirable shore walks. Furthermore, it would infuriate some
> property-holders more than the trouble is worth.
>
> Both expense and opposition would be drastically reduced, however,
> if the Legislature took a statemanlike, long-term approach: seizure
> of oceanside walk-easements, effective 100 years in the *future* (but
> payable *now*). As any financial planner can tell you, the
> "discounted present value" of something 100 years in the future is
> next to nothing. Today's Legislators could, for chump change, be
> forever blessed for their vision by future generations, 100 years and
> later.
Or they could invest that same chump change in whatever portfolio is
being used to calculate the net present value of that land 100 years
from now, and then at the end of that 100 years they'd have the full
future value, which would be equal to the full future value of that
easement at that time. TANSTAAFL, unless you've got a time machine --
the opportunity cost of the cost of the easement 100 years from now is
the same whether you pay cash now and don't invest it, or invest it now
and spend it then.
--
- David Chesler <chesler@xxxxxxxxxxxxxxxx>
Iacta alea est
--
Words are flying out like endless rain into a paper cup.
They slither while they pass. They slip away across the universe.
--John Lennon
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