I have a friend who took over an old factory complex that nobody wanted.
The land isn’t bad, and the location is pretty good, but it’s just too much trouble: all sorts of approvals, fire safety, environmental regulations—all stuck at various points. Anyone who looks at it gets a headache, so the whole asset just lies there like that. Technically it’s an “asset,” but in reality, it’s half-dead.
Later, he brought in two teams:
One team was responsible for getting the roads, electricity, and internet all connected, turning the park into infrastructure that’s “ready to run at any time”—this is a l
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