Becoming a Russian Oligarch After Rebirth
Chapter 1042 - 920 This is Extortion_2

Chapter 1042: Chapter 920 This is Extortion_2

The homeowners present began to whisper to each other. Believe it or not, many of them didn’t know the current market value of the property in this community.

"Two thousand five hundred US dollars per square meter, I suppose. It’s not very high, but it’s above average in Moscow," one of the owners said loudly, clearly knowledgeable about market prices.

Dania nodded, "Yes, the current market price is indeed two thousand five hundred US dollars per square meter. Additionally, the demolition team has promised to allocate new apartments in that area to everyone, and the high-rise residencies there are priced about the same."

At first glance, this seems fair and reasonable. We aren’t at a loss, right?"

Everyone nodded in agreement, indeed they weren’t.

The market price of the houses we’re living in is about two thousand five hundred US dollars per square meter, due to a good location, yet the quality of the houses themselves isn’t great—they’re old.

The only reason these houses can fetch such a price is because of their prime location, but they’re not easy to sell.

Because most people now prefer to buy those newly constructed high-rise apartments with elevators.

Those kinds of houses are definitely more comfortable than these old-style residential buildings—with grand lobbies that look high-end at a glance!

Dania smiled slightly and spoke calmly:

"But everyone is overlooking one thing.

That is, this entire area has been designated as the CBD area!

In the future, this land here will be worth its weight in gold!

The houses here, the price per square meter will be astonishingly high.

It might be six thousand US dollars per meter, or even eight thousand, and perhaps even more than ten thousand US dollars!

All of these are possibilities.

Now think again, do you still think the compensation plan is reasonable?"

Everyone’s eyes widened, looking at Dania somewhat incredulously.

Ten thousand US dollars per square meter...

This was an unimaginably high price they hadn’t even dared to dream about!

As the saying goes, people die for wealth as birds die for food. Who wouldn’t be tempted by a huge fortune that seems just within reach!

Although the apartments in this community are generally small, typically around sixty to seventy square meters.

But if we’re talking about ten thousand US dollars per meter, that would mean every household could pocket six to seven hundred thousand US dollars!

That amount, in today’s Moscow, is definitely a large sum of money for the average person...

And the people living in this community are mostly average folks, not particularly wealthy tycoons.

The scene immediately became noisy, with many people excitedly whispering and discussing amongst themselves.

"Can the housing prices really be that high? Ten thousand US dollars, those would have to be some luxurious houses. Our old houses can’t possibly be compensated at such high prices."

"That’s why we homeowners need to unite. We must go and talk to the demolition team together. There’s strength in numbers!"

"Exactly, this will be the most expensive area in Moscow in the future. Compensation shouldn’t still be based on the previous property value, but on the future value."

"Even if they compensate us at ten thousand US dollars per square meter, the total sum for all the homeowners isn’t that much. I’ve heard that the CBD requires an investment of several hundred billion US dollars, our little bit of money is nothing to them."

"Then let’s unite and go talk to the demolition team. I nominate Dania to be our homeowner representative. She’s a lawyer, and she’s so enthusiastic, so she’s the most qualified to represent us all."

"I also nominate Dania as our homeowner representative!"...

...

Stirred up by Dania, the majority of homeowners in the community united to refuse signing the demolition contract.

Even those who had previously signed the contract had second thoughts and went to the demolition team, demanding to get their contracts back...

The situation suddenly became complicated.

This was a community of a thousand-plus homeowners, amounting to several thousand people. If this were to escalate, it could become a significant public protest!

Moreover, this place is very close to the Kremlin and Red Square.

The homeowners could leave the community and within a short walk, arrive at Red Square, where they could start a demonstration or protest—this could be unbearable...

These past two days, Tovesky had been looking worried. He had thought this CBD construction was an excellent opportunity!

There was supposed to be ample funding and personnel, and it was supposed to move forward smoothly, and once completed, his own name would perhaps be remembered in history!

After all, this was to be Moscow’s only CBD Center, which for decades, even centuries, would remain Moscow’s business hub.

But no, just after taking over, before even starting the actual work, he got hit hard in the demolition process!

Thousands of residents rejected the compensation plan for the demolition that was proposed from our side, opening their mouths wide like lions, demanding compensation at the rate of ten thousand US dollars per square meter.

Isn’t this a joke? Are there houses in Moscow that cost ten thousand dollars per square meter?

Perhaps there are, but definitely not in this neighborhood!

......

"Director, what do you think we should do?"

"Ten thousand US dollars per square meter, they really dare to ask for it!

I’ve roughly calculated, and by averaging seventy square meters per household, the compensation for each household would be seven hundred thousand US dollars.

For a thousand households, that’s a compensation of seven hundred million US dollars!

Oh, and that’s just the compensation. They also demand new houses of the same size in return, and the location can’t be too bad; it must be near the city center!"

"Before moving into the new house, a rental subsidy of a thousand US dollars per month per household is required.

Outrageous!

It’s just too outrageous!

"I think these people are just extorting us!"

Sitting across from Wang Ye, Tovesky’s lips trembled as he spoke angrily.

Wang Ye had a smile on his face and a Black Russian cigarette clutched in his hand, but he wasn’t smoking it; he just let it burn quietly, emitting tendrils of blue smoke.

After listening to Tovesky finish speaking, he pondered for a moment before saying, "Ten thousand US dollars a square is indeed too high, but some of their demands are reasonable and cannot be completely denied.

Let’s do it this way, go negotiate with them at five thousand US dollars per square meter; just cash compensation, nothing else.

Once they receive this compensation, they can immediately purchase new housing.

As far as I know, most of the commodity housing in the Moscow area doesn’t exceed five thousand US dollars per square meter, and this price can buy very good houses in terms of location and quality.

It definitely won’t be worse than their current houses, including the location!"

To compensate at five thousand US dollars per square meter is, to be honest, also a very high standard.

As Wang Ye said, in today’s Moscow, very few residences can sell at such a high price.

Moreover, it’s a cash compensation, so you can directly purchase a new house that’s ready to move into, which eliminates the need for temporary rental housing, making it easier for everyone.

Compensating at this standard, the entire neighborhood would require a total compensation of approximately three and a half billion US dollars.

The cost is a bit high, but still acceptable...

......

Tovesky’s mouth twisted into a grin, feeling somewhat envious of those homeowners.

Director Mikhail is really generous, the compensation standard of five thousand US dollars per square meter, this has absolutely been the highest standard in Moscow in recent years, such a high price has never been seen before!

He hesitated for a moment but still asked, "What if they still don’t agree?"

Wang Ye smiled faintly and said very straightforwardly,

"Then it means they are not sincere about negotiating, but are trying to use this opportunity to extort us!

I take reasonable requests seriously and consider them carefully.

But if it’s evident that they’re extorting us with utterly unreasonable demands, then sorry, they will pay the price for their irrationality."

Wang Ye didn’t specify what price they would pay, and of course, Tovesky didn’t ask.

With Wang Ye’s words, he now had confidence!

......

To completely resolve the demolition issue, Tovesky brought over a female lawyer representing the homeowners named Dania, preparing for the final negotiation.

Before the talk, Tovesky still felt quite hopeful.

After all, the Director mentioned that we could negotiate with a compensation of five thousand US dollars per square meter, this offer was definitely made in good faith.

And from the homeowners’ side, although they were calling for ten thousand US dollars per square meter plus a new house, it was not to be taken literally.

Negotiation, eh? Ask for the moon, settle for a quarter; everyone understands the game.

But the process and outcome of the negotiation were nothing like what Tovesky had expected...