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Home > 2007 > November > Wednesday, November 21 2007 > Argentine town on the auction block

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Wed21Nov2007

Argentine town on the auction block

15:39 H | Topics: Argentina - Bizarro - Money

STG16131.gifInterested in having an Argentine town all to yourself? Well it just so happens that there's one coming up for auction in province of Cordoba. The reason? Because a local businessman can't pay his debts, and a judge is ordering the sale to pay them off:

The businessman is the owner of an olive grove of 3000 acres, 20 of which are occupied by the town of Olivares de San Nicolás, located 14 kilometers from the city of Cruz del Eje.

In addition to residences, the town has a chapel, a Justice of the Peace, a police post, a public school, a clinic and several businesses.

The weird thing about all this is that, unlike other cases of towns up for sale in Latin America, this town is populated by 800 people. What happens to them? The judge hasn't clarified that little detail yet.

Via / 20 Minutos

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