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Interest in a 3,200-acre parcel of barren land in Welsh

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Interest in a 3,200-acre parcel of barren land in Welsh [#permalink]

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New post 25 Sep 2004, 03:01
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Interest in a 3,200-acre parcel of barren land in Welsh County has been virtually non-existent because it is not zoned for commercial use. A real estate developer, though, has created a business plan to convert the property into a low grade airport that, when completed, would drive the value of the surrounding properties lower. Many local residents, therefore, are trying to pool their assets and buy the property outright.

Last week, the Welsh County town council voted to repeal the restriction in the town charter that prohibits all commercial development on parcels of land smaller than 5,000 acres.

The statements above, if true, best support which of the following conclusions?

(A) The people who have property adjacent to the land in question will seek out other real estate developers who might want to use the land for other more aesthetically pleasing uses.

(B) The Welsh County town council does not always act solely in the financial interest of town’s residents.

(C) Though short-term property values will probably drop, the community will ultimately benefit when young families arrive to take advantage of the bargains.

(D) If residents can persuade the town council to reconsider its decision, their property values will rise.

(E) The original zoning laws in Welsh County were enacted because of pressure from the area’s wealthiest residents.


OA will follow
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Re: Princeton CR - Property value (pls explain) [#permalink]

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New post 25 Sep 2004, 04:53
chin_min wrote:
Interest in a 3,200-acre parcel of barren land in Welsh County has been virtually non-existent because it is not zoned for commercial use. A real estate developer, though, has created a business plan to convert the property into a low grade airport that, when completed, would drive the value of the surrounding properties lower. Many local residents, therefore, are trying to pool their assets and buy the property outright.

Last week, the Welsh County town council voted to repeal the restriction in the town charter that prohibits all commercial development on parcels of land smaller than 5,000 acres.

The statements above, if true, best support which of the following conclusions?

(A) The people who have property adjacent to the land in question will seek out other real estate developers who might want to use the land for other more aesthetically pleasing uses.

(B) The Welsh County town council does not always act solely in the financial interest of town’s residents.

(C) Though short-term property values will probably drop, the community will ultimately benefit when young families arrive to take advantage of the bargains.

(D) If residents can persuade the town council to reconsider its decision, their property values will rise.

(E) The original zoning laws in Welsh County were enacted because of pressure from the area’s wealthiest residents.


OA will follow


I would go for "B" on this. The town council voted to repeal the restriction that prohibits all commercial development on parcels of land and this way supporting Plan of low - grade airport. The plan will drive the property value down and this way B should be the inference.

Pl post the OA with the given explanation.

Dharmin
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 [#permalink]

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New post 25 Sep 2004, 06:10
I choose B too, others are either too strong or unappropriate.

What is the OA ?
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New post 27 Sep 2004, 03:45
OA is B as explained by dharmin
  [#permalink] 27 Sep 2004, 03:45
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Interest in a 3,200-acre parcel of barren land in Welsh

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