Originally Posted by
Rover
I will try to refrain a little. There are many on here who like to ask pertinent questions, pose legitimate concerns and propose intelligent solutions. However, the concerns expressed once or twice is fair, but the constant repetition gets a little old. The merits of this project need discussion and I understand everyone won't be enamored. However, there are certain posters who wouldn't like anything proposed unless we got condo's built for a million bucks per unit and then rented for $500 a month. I keep hearing about how we need low cost rentable apartments, but then this project is lambasted for costing too little per unit and fear of poor quality construction. For $100,000 per unit, these will not be top of the line buildings. But, it can get financed, and I will bet it will be in excess of 80% full within 9 months of opening. And a space that has been vacant for decades will be developed with high density residential fueling more retail, more restaurants, more commerce for the area. This will increase the value of other properties in the area and perhaps the tipping point will be reached. Then, we will get the kinds of developments we all ultimately want.
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