Quote:
Originally Posted by Woodsy
Joey...
The storage was NEVER going to happen... that was just Al Mitchell firing a warning shot across the City's bow. They have a long running contentious relationship.
A commercial entity on that spot minimally effects the residential property values.... $750K condos have a very adverse effect on residential values.
Woodsy
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Woodsy. Respectfully I disagree that the condos will have an adverse effect on residential values, in fact I think it will increase values. I’d love to know why you like values will decrease, that is generally not the case when new residences are constructed.
Although I understand the issues in the local government the condos will generate a healthy amount of property tax to the budget while have minimal additional cost to the local infrastructure since I’m sure based on other communities only 20-30% of the residents will be full time.
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