Huckleberries Hears That …

… Duane Hagadone’s profit on the $120 million 30-unit condo project on The Coeur d’Alene Resort golf course will be about 10%. Berry Picker : The cost of construction on each of those units has got to be running around $400-500/square foot. I’m told Black Rock houses/cabins are running around $400/sq ft.” Still, $12 million isn’t chump change.

Eagle Eye: Duane would not do this project for a profit of $12 million. That is chump change to him.If you do the math of 30 units, average square footage of 5800 sq ft and a price of $450 a foot that puts the profit in the range of of 30-35%. Now you’re talking his language!He’ll roll that money over to Blackwell Island and double or triple that. Give the man some credit. When it comes to make a profit,he takes a back seat to no one. (DFO: I’ll defer to Eagle Eye on this one.