"A $200,000 plant..."
Those 1954 dollars comes out to about $2.3 million today. That seems really low for a factory. Could you set up manufacturing for anything for $2 million today? (Besides Etsy shops...)
Those 1954 dollars comes out to about $2.3 million today. That seems really low for a factory. Could you set up manufacturing for anything for $2 million today? (Besides Etsy shops...)
Based on someone else's post, the land value alone is far higher than the total inflation adjusted costs.
As for how low the cost was, we'd need to see what they produced there, versus what parts they bought at other places and assembled into a product at that location.