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A look at the comparable-sized land just south of the property shows approximate total property value of >150 million. This includes development, but bear in mind that the Bruce family never had the chance to invest in development.
It really feels like the county is capitalizing on the relative poverty that this injustice created in the first place. #reparations #BrucesBeach
It's great that something is finally being done, but 20 million is far too low, and is simply a continuation of the injustice. The Bruces' asking valuation of 120k in 1924, invested in the stock market, would be worth more than 2 billion today. #BrucesBeach
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@MikeElgan The case of #BrucesBeach seems like a model for how reparations should work:
https://en.wikipedia.org/wiki/Bruce's_Beach
Compensation for a specific harm to a specific person, with the beneficiaries being the confirmed heirs of those harmed. The paper trail has to be pretty watertight, and the line of succession pretty short, otherwise you generate absurdities trying to unwind the unknowns of history.