“Latvia sold a deserted town built around a Soviet-era radar station to a Russian investor who bid $3.1 million at an unusual auction yesterday, officials said.
The town formerly known as Skrunda-1 housed about 5,000 people during the Cold War. It was abandoned over a decade ago after the Russian military withdrew from Latvia following the Soviet collapse.
A representative of a Russian investor won the bidding contest in Latvia’s capital, Riga, with an offer of $3.1 million, said Anete Fridensteina-Bridina, a spokeswoman for the Baltic country’s privatization agency.
She said the buyer was Aleksejevskoje-Serviss, a Russia-based firm, though she could not provide details.
It was not immediately clear what plans the buyer had for the 110-acre property, which is located in western Latvia about 95 miles from Riga. The town contains about 70 dilapidated buildings, including apartment blocks, a school, barracks, and an officers’ club.”
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110 acres. Mental dreams tonight!.