[CPEO-MEF] Hamilton Field auction

[Lenny Siegel <lsiegel@cpeo.org>]

Hamilton auction short on bidders

By Con Garretson
Marin Independent Journal (CA)
October 29, 2004

The auction of a former Navy gas station at Hamilton Field that Novato 
officials deemed too polluted to buy has not exactly launched a bidding war.

More than two weeks into a public online auction, only one unidentified 
party has made a $100,000 bid.

Several others already have submitted deposits of $100,000 to take part 
in the auction for the 2.7-acre parcel, for which the U.S. General 
Services Administration had suggested an opening bid of $500,000.

The auction has no firm end date and will wrap up after a period goes by 
without any bids. A posting will be made when the auction is scheduled 
to end in 72 hours, a period that will be extended by a day at a time if 
a new, high bid is made before the deadline.

"We'll let it run for a month or so," said Gina Arias-Arrieta, the GSA 
real estate officer handling the sale, who said such a slow start is not 
unusual. "If (the bidding) starts to slow down, we'll put out a call for 
final bids."

…

for the entire article, see
http://www.marinij.com/Stories/0,1413,234~24407~2499513,00.html

--
Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
http://www.cpeo.org


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