48 New Condos Overlooking the Lake

[joey2665]

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

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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