Selling and redeveloping city’s Evergreen properties is not financially necessary // Eliot Singer
With a new Council and an apparent willingness to look beyond the DDA for solutions to the Evergreen properties quagmire, I am going to revive my analysis from several years ago that it is not financially imperative to sell and redevelop the city’s Evergreen properties, which were originally bought with the intent of tearing them down and replacing with a massive parking garage.
Recall that the properties were bought 10 years ago for more than 3 times their assessed market value, at a time … Read more →