Below Virginia all the way to Texas Bricks have some value. Wages are less in that neck of the woods also.
So if you can sell bricks for .75, ever figure out what it costs per brick to clean and put on a pallet? My guess is that it is over a dollar, because 1st you have to find the ones that weren't crushed by your equipment, then clean them and put them on a pallet. That is too many moves for me, operator knocks them down and loads them out. On the fine occassion if someone wants to pick your site and pay you for the brick, that is great to, just get an insurance cert in case someone steps in a hole.
You can sell brick for .75 per brick. I sell brick 500 per pallet of the solid antique brick and I get $375.00 per pallet and homebuilders buy them. Now here in Augusta,Ga some of the old houses which were built prior to 1900 have Augusta Block foundation and Augusta brick walls those are worth $1 a piece, but the only way you can salvage those brick is if they used Sand mortar if its been fixed over the years and they used concrete no chance. Out of a whole house of block or brick you might get lucky and salvage 50%, have 3 or 4 guys take the walls down by hand and then chip and stack them. Those bricks are worth their weight! 10 Million Bricks on that kind of volume there are many suppliers up north who only buy brick by the quantity like 250,000 or more. He is sitting on a gold mine of brick, but its unlikely the contractor will salvage more then 75% of them. I've never sold that many brick, so I don't know what kind of discount the contractors will want, but who knows! I would'nt think your going to get top dollar for them though.
5:53 PM
Thank you for this really useful analysis. I wonder if it's true that they even received the $5.5 million unsolicited bid that they supposedly rejected.
I guess there are good drugs in Grapeville, as you say, or at least good wine. Pennsylvania wine. Hmmm.
I was thinking of investing in the company, but it prolly doesn't make sense given the analysis and what it will take to monetize the scrap building materials from that site.
I find that this industry has been over ridden with slime balls. Every developer thinks they are sitting on a gold mine because of the recent scrap value.
Upon further investigation and a little thought:
He thinks they have $17 million in value - I have been doing this for 20 years, and I can't remember the last time someone actually paid for brick, Chicago, St Louis, Virginia Brick - no one in their right mind is going to pay a developer .50 to .75 per brick for 10,000,000 brick. How many brick does he think survive 75,000 lb machines tracking all over them, then how many of us are going to pay to clean, stack, and wrap them for shipment. If I did all that with today's minimum wage we have to get $2 per brick. More likely they will end up filling in Joe Blows valley or low spot. As for the 40,000 tons (80,000,000 lbs of steel)? The property is 16 acres. If it were all buildings it would only be 696,000 SF thats about 115 lbs a SF. For those of you that take scrap and estimating very seriously like I do, you know that is highly unlikely. To me from the photo's it looks very light, probably around 4 lbs a SF, plus that nice abandoned truck would give you 1,250 GT. But you can also see that it isn't solid buildings there are a lot of over grown areas where there is no buildings. So my guess less then 1,000 tons.
Also, metal is sinking, so for this developer to claim he turned down $5.5 million offer for the salvage rights, they must have very good drugs down in Grapeville, PA.
Beacon Revelopment Industrial Corporation today announced it will start accepting bids for the salvage and demolition of its Westmoreland PA property.
I have put the solicitation in the demolition projects bidding: http://www.demolitionforum.com.....l#post9456
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