Tuesday, July 12, 2016

SELLING OUR INHERITANCE FOR A MESS OF POTTAGE

In many regions of the Americas—North, Central and South—black folks have been selling off their family lands and property at outrageously low prices. Is that what took place when Howard University “monetized” its extremely valuable real estate holding, Meridian Hill Residence Hall, for $22 million? Or could it be argued that it was not a sale but a “99-year ground lease”? Furthermore this sweet, sweet deal benefited District developers Jair Lynch Real Estate Partners. By the way, are we talking about the Jair Lynch, one of a tiny group of black citizens to represent the U.S. in Olympic gymnastic competition?

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