tag:blogger.com,1999:blog-26434163.post7685726187230866133..comments2023-10-24T07:27:42.118-07:00Comments on Free Racine: Q and A on Racine Development ProposalDenis Navratilhttp://www.blogger.com/profile/05973310336665077770noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-26434163.post-37007328882148878652010-05-12T11:44:32.896-07:002010-05-12T11:44:32.896-07:00They have a crystal ball that says the development...They have a crystal ball that says the development folks better develop something or they might have to downsize. Taxpayer money - not an issue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-26434163.post-50600574080930305872010-05-12T09:10:34.877-07:002010-05-12T09:10:34.877-07:00OK - there are about 40 condos in the Gaslight bui...OK - there are about 40 condos in the Gaslight building, I think there are about a dozen still unsold. From what I've seen, there's only one resident in the condos on Main and State. There are condos unsold in just about every other lakefront development. Yet the city wants to add (did I read this correctly) 300 units at this site and act as financing agent/developer? Whiskey Tango Foxtrot!<br /><br />Caledonia created a small TID a couple years ago to assist a developer with blight remediation at a site about a block from the lake. Not sure if this condo development is on hold indefinitely, or just completely defunct because they couldn't pre-sell enough unit to even get it off the ground - fortunately before the Village had committed any TIF money.<br /><br />The market just doesn't exist for this right now. Do they have some sort of crystal ball over at City Hall that's predicting some huge housing boom in a city with 15% unemployment? Again, Whiskey Tango Foxtrot!Caledonia Unpluggedhttps://www.blogger.com/profile/12084450097949740759noreply@blogger.comtag:blogger.com,1999:blog-26434163.post-85376501424702140482010-05-12T05:37:31.835-07:002010-05-12T05:37:31.835-07:00Spot on.
I would love to see how Brian O would mak...Spot on.<br />I would love to see how Brian O would make it in the real world, working for a real world real estate developer.Anonymousnoreply@blogger.com