Comment: Re:Not all people would have wanted to (Score 1) 195
Exactly. Governments aren't very good at getting value for tax payer's money, as this example (and plenty of others), shows. This served no public good (i.e. it wasn't building a common use road, or providing a social service), it was purely commercial venture. A government won't have done appropriate due diligence on this because "who cares, it's only $500k". An individual would have, and even if they didn't, they'd have only lost their own money.
http://steshaw.org/economics-in-one-lesson/