Uruguayan Government Accused of Selling Public Land for Pennies on the Dollar

Ocean Park Land Sale Sparks Outrage: Uruguayan Government Accused of Selling Public Land Below Market Value Montevideo, Uruguay – A recent news report has ignited public outrage over the sale of 7.5 hectares of prime coastal land in the Ocean Park area. The land, reportedly sold for a mere $120,000 USD to businessman Gregorio Álvarez during the Lacalle Pou administration, is now under intense scrutiny due to its significant undervaluation. According to independent assessments, the land's true market value is estimated to be around $3.5 million USD. "It's a scandal," stated one local resident, who wished to remain anonymous. "The government gave away our coastal heritage for pennies on the dollar. This land could have been used for public projects, for the benefit of the community. Instead, it was handed over to a wealthy businessman." The report contrasts the sale price of 75,000 square meters for $120,000 USD with the market price of 1,000 square meters at $50,000 USD, demonstrating the vast difference. Images of the land and a wooden fence separating it from neighboring properties are shown. The report also raises concerns about the lack of transparency in the sale process and the potential for corruption. The government has yet to respond to the allegations. The incident highlights the need for greater accountability and transparency in the management of public assets in Uruguay.