Frank and Bruce
One idea popped in my mind.
I know of a situation where one of the Big Outdoor companies has a billboard which is disputed over with the land owner.
Land owner does not want the billboard on their property, billboard has been vacant for probably two years now if not more.
I am not sure if land owner has been receiving any payments but if they did not would this be considered abandoned property? What is the time frame to be considered an abandoned property? I know it probably varies from state to state, but in general what would be the time frame?
What I have in mind is that this particular city allows to move the billboard to another location, (but does not allow new ones) and I was thinking of buying it from land owner if it would be legally abandoned and erecting one on other site within the city.
What do you think?