VALDOSTA — Why did the Industrial Authority purchase a building for over $500,000, $200,000 over the value on the tax rolls? And then spend even more money to "refurbish" it? Didn’t they have a perfectly good office/location? It’s too bad the local taxpayers get no benefit for all the tax dollars that are pumped into them. There has been no new or significant industry in this area for years now. Why is there even an Industrial Authority? What a big waste of money.