Some of the numbers bouncing around over the possible purchase of Inn Marin should trouble taxpayers in the extreme. County records show the facility’s estimated value is about $10 million. It was purchased for $12.4 million in 2017 by Dipak Patel and Rita Patel. They want $18 million from the County of Marin, which is using “free” money from the state’s Homekey Program.
I don’t blame the Patels for trying to turn an investment crippled by COVID-19 restrictions into $6 million profit in 36 months, but our County moms and dads would be dumber than a sack of rocks to do it.
I don’t think there’s any other way to see it?
(Sherman R. Frederick is the editor of the Novato Advance. Get the Advance delivered weekly to your doorstep by subscribing at 415-892-1516. For Novato residents, it’s still only $59 a year.)
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