Blossom Flight Academy acquired a new site for its training operations. The company was able to find a sm updated runway and hangar that could be used to accommodate a flight simulator, small aircraft, and classr ideal as it was close to the city centre with a large population base from which to attract students. Blossom acquire the site. Prior to providing financing for the purchase, the bank required that an appraisal be comple evaluation appraisal report came back with the following estimated market values: land $3,331,800, buildin improvements $431,900. Blossom management explained, to the bank's satisfaction, that it paid the $30,00 property's proximity to the city centre and access to a large population base from which to draw students. (a1) Blossom Flight Academy acquired a new site for its training operations. The company was able to find a sm updated runway and hangar that could be used to accommodate a flight simulator, small aircraft, and classr ideal as it was close to the city centre with a large population base from which to attract students. Blossom acquire the site. Prior to providing financing for the purchase, the bank required that an appraisal be comple evaluation appraisal report came back with the following estimated market values: land $3,331,800, buildin improvements $431,900. Blossom management explained, to the bank's satisfaction, that it paid the $30,00 property's proximity to the city centre and access to a large population base from which to draw students. (a1)