[GDRussiayear]

We had something similar this happen in Vegas a few years ago. A guy was buying public land cheap to use as public use golf courses. He'd build the courses, and in a few years would claim he was losing money. Did not matter he was charging pretty high green fees. He would then go to the local government folks for their permission to change the golf property into housing tracks. This of course made the original cheap property (for public use) worth more money, with which he could claim huge profits.

Pretty sure this does not go on anymore after some important folks were caught with the proverbial egg on their faces.