Quote from: grasscat on December 11, 2007, 01:53:54 AMQuote from: LincolnKennedy on December 10, 2007, 10:08:25 AMMy sister and I bought a shell of a building on Pleasant Street at auction in the Spring of 2003 (Denhart Properties Bankruptcy sale).What was the address of this building, if you don't mind me asking?1531 Pleasant. The property consisted of two buildings, both shells.
Quote from: LincolnKennedy on December 10, 2007, 10:08:25 AMMy sister and I bought a shell of a building on Pleasant Street at auction in the Spring of 2003 (Denhart Properties Bankruptcy sale).What was the address of this building, if you don't mind me asking?
My sister and I bought a shell of a building on Pleasant Street at auction in the Spring of 2003 (Denhart Properties Bankruptcy sale).
My sister and I bought a shell of a building on Pleasant Street at auction in the Spring of 2003 (Denhart Properties Bankruptcy sale). 3CDC bought it from us in the summer of 2005. I don't think they've done anything with it yet, and I'm personally concerned (and was at the time of the sale) that they are just going to bulldoze the building and turn Pleasant into a glorified driveway for houses on Elm and Race. I can't imagine there would be many more opportunities for flipping properties in that area.
Quote from: LincolnKennedy on December 10, 2007, 10:08:25 AMMy sister and I bought a shell of a building on Pleasant Street at auction in the Spring of 2003 (Denhart Properties Bankruptcy sale). 3CDC bought it from us in the summer of 2005. I don't think they've done anything with it yet, and I'm personally concerned (and was at the time of the sale) that they are just going to bulldoze the building and turn Pleasant into a glorified driveway for houses on Elm and Race. I can't imagine there would be many more opportunities for flipping properties in that area.Just curious cuz I don't know how it works, but does 3CDC offer a decent price, or does the property sell for whatever market value is (rather than holding out and making them offer a higher price)?
I was pleased with the profit and am still hopeful they won't tear the buildings down.
I don't see why you'd blindly trust 3CDC.
And if you look at their sales, the new gateway I is lagging behind the renovated properties in the gateway Q
Quote from: thomasbw on December 12, 2007, 11:09:53 AMAnd if you look at their sales, the new gateway I is lagging behind the renovated properties in the gateway QAren't the Gateway Q units much cheaper? People bought units there for 90-140k.
Is there any reason NOT to trust them so far? I'm just not sure I understand the skepticism towards 3CDC...is it because it's headed by a bunch of corporate execs?
Quote from: cramer on December 12, 2007, 11:51:45 AMI don't see why you'd blindly trust 3CDC.Is there any reason NOT to trust them so far? I'm just not sure I understand the skepticism towards 3CDC...is it because it's headed by a bunch of corporate execs?
As an aside, it seems inconsistent to me to bemoan the castration of the City's planning department while at the same time be all rah-rah about 3CDC.
But don't think that this money couldn't have been handled in house. The main advantage, really, is a flexibility in hiring and firing that the City doesn't have. But the expertise is the same. It's not like 3CDC is staffed by a race of real estate super-robots. Munitz came straight from the city.
I don't think there is anything socialist about the City making investments. It's not socialist at all, but rather capitalist. You might read Rise of the Entrepreneurial State in one of your courses. If not, and if you are interested, I could loan you a copy.
^ They get things done behind closed doors, which is a good thing in this instance.The situation with OTR is too awkward. I've heard more than once from someone that lives in OTR ... "you're just trying to drive us(blacks) out!" ... "white people left and now they want to come back here and live". It's too touchy of a situation, but it's something they have to do. Those types of comments are from folks that have their own issues to deal with.
^It's a fair point you make, Rando. I think you've hit on exactly what 3CDC is for, to provide cover for the city and corporations to make moves that neither could make without more severe blowback. But that advantage comes with some disadvantages, like an unresponsiveness to neighborhood concerns. And really, calling that a disadvantage isn't really accurate. It's actually the central idea.
"Just to make it a manageable project, this won't be a public process," Pope said.
Quote from: Cincinnatus on December 13, 2007, 10:02:08 AM^ They get things done behind closed doors, which is a good thing in this instance.The situation with OTR is too awkward. I've heard more than once from someone that lives in OTR ... "you're just trying to drive us(blacks) out!" ... "white people left and now they want to come back here and live". It's too touchy of a situation, but it's something they have to do. Those types of comments are from folks that have their own issues to deal with.... The fact that you pointed out solely "their own issues" exemplifies the contrast that exists.
Councilman Chris Bortz, who comes from the Towne Properties development family, speaks more strongly about the situation. He wants the Drop Inn to require clients to enroll in treatment programs, believing that would cut down on the numbers of people who hang around outside throughout the day. If that doesn’t happen, he said the shelter should move someplace where it’s not “putting enormous pressure on an already unstable neighborhood.”“People may have that right (to choose they don’t want help), but that doesn’t mean we have to pay to help you,” he said. “I think they enable self-destructive behavior.”
Cincinnati needs a place like the Drop Inn, which aims to take anyone, sober or not - “low-barrier” and “unconditional,” he calls it. That mission, he said, is what makes this city a place where you don’t see a lot people sleeping on sewer grates and in alleys.
Moving to another neighborhood, without a fight from those residents, doesn't look to promising either.
QuoteMoving to another neighborhood, without a fight from those residents, doesn't look to promising either. I think we are speaking to the same thing. First, OTR has to dry up as a homeless magnet, and with fewer vacant buildings, tighter policing, market rate redevelopment, and filled store fronts all lends to residents moving in and not putting up with the loitering, public intoxication and vagrancy. To me, this article was asking the question can one exist next to the other and I say yes, for a while, until you hit the tipping point where as you said, one puts pressure on the other. Right now we are going in a positive direction.