The 99-year land lease is for $4 million.
All land leases were given a minimum duration of three years.
He organized the investment group and got the land lease.
Under a joint development agreement signed last month, the American company will have a 50-year land lease with no payments for the first 10 years.
It negotiated a land lease with the city for 49 years with two 25-year options.
He gets talking to one of the miners and trades his pocket knife for a land lease.
The issue of land lease is a complex one and there is much disagreement on the best approach.
And what might happen when the land lease expires?
Misgivings also seem to lessen if the land lease is long.
An offer is most likely to be accepted if the land lease offers the owner only a minimal return for many years.