County Sells Poor Farm Land -- McMansions Sure to Come

MDL tucked away on page three this week the news that Lake County managed to unload nine acres of its old poor farm Tuesday. Despite my vigorous exhortations to you eager land speculators (and even one commenter's agreement that the land was a great investment), no one showed up to bid on this choice lake property besides Sioux Falls developer Ted Thoms, who got the property for $100K. Nine acres at Lake Madison for $100K -- total steal. Expect Thoms to at least triple his money.

But keep saving your pennies, kids: the county still has 140 acres or so of poor farm on its hands. The county will need more cash to patch the roads, so more sales may be coming.