To Capture a County

Episode 03 · 31:11

The Geometry of Capture

Drive south out of Geneva, Ohio, down Route 534, past the vineyards and the grain, and the land flattens into the kind of rural township that looks the same as it did forty years ago. Farms. Two-lane roads. A scatter of houses. And then, without any transition at all, a sports complex the size of a regional airport. Seven hundred and fifty thousand square feet. Indoor track. Olympic pools. Courts and fields and dormitory-scale buildings, set down in the middle of agricultural land in one of the poorest counties in Ohio. It is called Spire. It was built to be a destination — and for years it lost money. By 2019 it was a struggling asset in a rural county, which is to say it was cheap. In December 2019, a private equity firm out of Baltimore called Blue Ocean bought it — the whole campus, for seven million, three hundred and fifty thousand dollars. Less than ten dollars a square foot.

The geometry of capture. Not a conspiracy — a shape.

From the narration

Chapters

Narration, as voiced

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Act I 0:42

Act II 4:04

Act III 7:33

Act IV 14:27

Act V 19:22

Act VI 25:18