Are we removing blight?
We have no information in hand that demonstrates
blight.
Are we improving the parking situation?
A current neighborhood estimate indicates there’s a chance
the parking problem may even worsen with this development, assuming
one parking space per condo owner.
What are the collateral impacts?
There may be more than $300M in construction going on in a two-block
area, and additional construction relating to city and private
infrastructure. Impacts on the the sewer load, water pressure and
additional infrastructure are unknown.
Southmoreland B&B
Our neighborhood will not tolerate or risk the loss of one of our
most important assets, because of harm done to them during construction
or for other reasons caused by this project.
Property Tax Impacts
Several residents have
voiced their concerns on how neighboring property tax values will
be impacted by this development.
What are the benefits?
We think the major stated benefit, by the developer,
is that the project would eliminate 10 poorly-maintained apartment
buildings, replacing them with a hotel, new condos and apartments
that would look much nicer. This would presumably increase the
value of surrounding properties.
Benefit Myths
If we want better streets and sidewalks around the Cleaver property
a TIF is not the appropriate vehicle to accomplish this. There are
City, PIAC and other funds we can use to accomplish these goals.
Additional significant issues
The neighborhood will be, on a continuing basis, identifying and
organizing issues as we consider this project.
|