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Scranton Parking Garage Sold Off For Pennies

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In Scranton, it is always good to have the local government in pocket. That way you can get away with doing completely outrageous things like contaminating the city’s water (here) and buy government property for pennies on the dollar. Recently, the parking Garage was handed over in a dubious twist of nonsensical transaction that would even make traders in Wall Street blush.

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We stated before that it was strange for a non-profit to have an overwhelming interest in parking(here). Of course, what we found out is that the deal permits the owner of the steam down mall, John Balsalyga, to buy the garage for a dollar through a firm called Steamtown 300. He will be able to...

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