Rusty DePass on the Compress Warehouse Deal

Rusty DePass nicely sums up the City's decision to purchase the Compress Warehouse:

In voting to spend $5,650,000 to purchase a dilapidated warehouse where a developer had proposed to build student housing, the Columbia City Council completely caved in to “preservationists” who talk the talk but want the rest of us to walk the plank to pay for their very expensive hobby.

Read the whole thing. I'm all for the preservationists buying the warehouse. Then they can actually own this historic, run-down cotton warehouse that they love so much.

Oh, the preservationists don't actually want to use their own money to buy it? Why is that, exactly?

Read more here: http://www.thestate.com/2013/04/26/2741970/depass-another-bad-deal-courtesy.html#storylink=cpy