Author Topic: Cleveland: Ohio City: Development and News  (Read 1003917 times)

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Offline mrnyc

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Re: Cleveland: Ohio City & Market District Developments
« Reply #140 on: February 08, 2006, 01:44:56 PM »
wow that really looks good. i hope it actually happens.
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Offline 3231

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Re: Cleveland: Ohio City & Market District Developments
« Reply #141 on: February 08, 2006, 02:10:10 PM »
This project would further cement this area as strong place for a real estate investment.  I hope it moves along quickly.  I also wish that they had broken ground earlier as I am looking to buy this spring.

Any word on how other places are doing in Ohio City? I drove by the Ohio City townhomes the other day and noticed that there were only 2 for-sale signs still up.  A few of the other units looked empty, but did not have a for-sale sign in front of them.  The most expensive unit (corner) looks like it has a tenant.  Furthermore, it appears that renovations are beginning on the grand old home that is just to the east of the project (this is part of the deveoper's plan).  There has been no movement on the Japanese units.  Outside of this little area, the rest of OC's new stuff seems to be in the W.40s or beyond.  Any word on how that is moving?


Offline 3231

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Re: Cleveland: Ohio City & Market District Developments
« Reply #142 on: February 08, 2006, 02:14:19 PM »
Well, the OC townhome site says that only 2 units have sold.

Offline theguv

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Re: Cleveland: Ohio City & Market District Developments
« Reply #143 on: February 09, 2006, 11:21:11 AM »
the developers bought the corner and end units.
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Offline 3231

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Re: Cleveland: Ohio City & Market District Developments
« Reply #144 on: February 09, 2006, 12:25:25 PM »
So, they haven't legitimately sold anything yet?

Offline theguv

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Re: Cleveland: Ohio City & Market District Developments
« Reply #145 on: February 09, 2006, 01:11:34 PM »
in my humble opinion, the asking prices are way too high for the neighborhood.  i believe they recently lowered the starting prices to the mid $400,000's

i'd guess they are prepared to wait it out?
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Offline urbanlife

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Re: Cleveland: Ohio City & Market District Developments
« Reply #146 on: February 09, 2006, 01:47:57 PM »
it seems that price points are high for many of the developments.  it is more of a catch 22 - younger people will live downtown or in a gentrifying neighborhood in OC, but may not be able to afford 400k + and older people who can afford these homes don't want to deal with the schools, etc.  and are established in the suburbs. 

IMO, there needs to be more units online that range from 150-250k, even if that means no granite, hardwood, etc. 

Income/yr   Income/mnth   after 28% tax
 $50,000.00     $4,166.67     $3,000.00
 $60,000.00     $5,000.00     $3,600.00
 $70,000.00     $5,833.33     $4,200.00
 $80,000.00     $6,666.67     $4,800.00
 $90,000.00     $7,500.00     $5,400.00
 $100,000.00     $8,333.33     $6,000.00
 $110,000.00     $9,166.67     $6,600.00
 $120,000.00     $10,000.00     $7,200.00
 $130,000.00     $10,833.33     $7,800.00
 $140,000.00     $11,666.67     $8,400.00
 $150,000.00     $12,500.00     $9,000.00
 $160,000.00     $13,333.33     $9,600.00
 $170,000.00     $14,166.67     $10,200.00
 $180,000.00     $15,000.00     $10,800.00
 $190,000.00     $15,833.33     $11,400.00
 $200,000.00     $16,666.67     $12,000.00

Assuming 10% down, 30 year fixed, 5.5%:


Home Price   Downpayment   Interest Rate   Pymt/Mnth   Pymnt/yr
 $200,000.00     $20,000.00    5.50%   $1,022.02    $12,264.24
 $250,000.00     $25,000.00    5.50%   $1,277.53    $15,330.30
 $300,000.00     $30,000.00    5.50%   $1,533.03    $18,396.36
 $350,000.00     $35,000.00    5.50%   $1,788.54    $21,462.42
 $400,000.00     $40,000.00    5.50%   $2,044.04    $24,528.48
 $450,000.00     $45,000.00    5.50%   $2,299.55    $27,594.55
 $500,000.00     $50,000.00    5.50%   $2,555.05    $30,660.61
 $550,000.00     $55,000.00    5.50%   $2,810.56    $33,726.67
 $600,000.00     $60,000.00    5.50%   $3,066.06    $36,792.73
 $650,000.00     $65,000.00    5.50%   $3,321.57    $39,858.79
 $700,000.00     $70,000.00    5.50%   $3,577.07    $42,924.85
 $750,000.00     $75,000.00    5.50%   $3,832.58    $45,990.91
 $800,000.00     $80,000.00    5.50%   $4,088.08    $49,056.97
 $850,000.00     $85,000.00    5.50%   $4,343.59    $52,123.03
 $900,000.00     $90,000.00    5.50%   $4,599.09    $55,189.09
 $950,000.00     $95,000.00    5.50%   $4,854.60    $58,255.15
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Offline WoollyBear

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Re: Cleveland: Ohio City & Market District Developments
« Reply #147 on: February 09, 2006, 01:56:22 PM »
^
Thanks for posting that. I remember hearing that a rule of thumb when buying a house is 2.5 times your annual salary. If the starting prices are say $450K, that would mean that people would have to have a annual household income of $180K. Thats a lot of money.

Offline MayDay

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Re: Cleveland: Ohio City & Market District Developments
« Reply #148 on: February 09, 2006, 02:23:33 PM »
"a rule of thumb when buying a house is 2.5 times your annual salary."

That's what I've heard as well - still, I'm looking at a condo that's maybe 1.1 times my annual salary.  :oops:

Offline 3231

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Re: Cleveland: Ohio City & Market District Developments
« Reply #149 on: February 09, 2006, 02:25:17 PM »
I absolutely agree.  The price points are unrealistic for a lot of these developments.  I like to see that the Jay Hotel is going to start around $200,000.  Hopefully it will contain  a lot of $200,000 units and not just 3 or 4 with the rest going for over $300,000.  A lot more people would buy if units cost $200,000.  The Fries & Schuele building sold its 200,000 very quickly.

Offline KJP

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Re: Cleveland: Ohio City & Market District Developments
« Reply #150 on: February 09, 2006, 06:06:58 PM »
That's funny that income list was started at $50,000... Gee, maybe one day my income will be that high. It's not even half that right now.  :oops:
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Offline 3231

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Re: Cleveland: Ohio City & Market District Developments
« Reply #151 on: February 09, 2006, 07:09:52 PM »
Nice article, but c'mon, we need some timelines.


CMHA plans downsized
Thursday, February 09, 2006
By TOM CORRIGAN
Staff Writer
Cuyahoga Metropolitan Housing Authority has scaled down plans for a public housing development atop RTA's West 25th Street station and ditched a plan to build on the muny parking lot across from Burke Lakefront Airport. The plan for a high-rise building atop the RTA station, and for additional units along Columbus Road, was scaled back from 398 to 171 units, said George Phillips, CMHA director.

Meanwhile, the plan offered as an alternative by Councilman Joe Cimperman to build 200 or more units on the muny lot across from the airfield is no longer in the picture, Phillips said.

'We can't really figure out a way to make that site buildable,' he said. 'You've got quite a few challenges over there. It's an interesting idea, but it would pose quite a few problems building on that site.'

Phillips and officials from City Architecture, brought aboard last year to fine-tune the West 25th-Columbus Road plan, presented it Tuesday to Regional Transit Authority board members.

'The board liked it,' RTA spokesman Jerry Masek said later, adding that additional proposals to build on the site will be sought.

The project would be paid for with part of some $8.5 million remaining from a HOPE VI grant awarded to CMHA in 1996. The original grant, for $12.4 million, was for CMHA to build some 420 mixed-income units on the bluff behind Riverview Towers on West 25th Street.

But geotechnical studies later showed the hillside was so unstable that it could not be built upon, and CMHA has been trying to find locations to build before the grant deadline runs out.

Cimperman, D-13, suggested the parking lot across from Burke as a possible site last year, saying residents near the Columbus Road site feared the plan would create a 'massive wall of housing.' He said residents in the area, known as Duck Island, prefer no more than 40 units. Now, Cimperman said CMHA's latest plan is also unacceptable.

'I think there's quite a bit of concern still from the Duck Island community. There's got to be a way to work this out,' he said, adding that he hopes to meet soon with Phillips to reach an agreement before the grant expires in March. 'I'm disappointed it's gotten to this point.'

Duck Island is partly in Cimperman's ward, but most of it is in Ward 14, represented by Councilman Joe Santiago, who said he supports CMHA's latest plan.

Although still to be finalized, he said, the plan has been made less dense and opened up with four parks to make it more pedestrian-friendly.

'They have a beautiful vision of adding trees to the neighborhood; it looks real nice,' he said, adding that one or more community meetings will be scheduled to seek neighborhood approval.


Offline KJP

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Re: Cleveland: Ohio City & Market District Developments
« Reply #152 on: February 09, 2006, 07:52:08 PM »
Staff writer Tom Corrigan? Did it really say that? Tom Corrigan quit Sun Newspapers and moved to Seattle last October! I replaced him on the Cleveland beat...
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Offline Map Boy

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Re: Cleveland: Ohio City & Market District Developments
« Reply #153 on: February 09, 2006, 07:59:47 PM »
Seriously Duck Island...they chopped it in half, they're adding parks, and they're NEIGHBORS, not pariahs!

Offline blinker12

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Re: Cleveland: Ohio City & Market District Developments
« Reply #154 on: February 09, 2006, 09:33:33 PM »
Are these units going to be townhouses/mid-rise, or just one big apartment building? Seems like the latter would defeat the purpose of HOPE VI, since it would look out of place in the neighborhood.

Offline Map Boy

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Re: Cleveland: Ohio City & Market District Developments
« Reply #155 on: February 10, 2006, 10:20:49 AM »
From the sounds of it, they'll be breaking the buildings up and interspersing the structures with open space.  But what do I know?  I'd love to see the latest renderings from City Architecture!

Offline CornerCurve

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Re: Cleveland: Ohio City & Market District Developments
« Reply #156 on: February 17, 2006, 12:14:15 PM »
I found this website through the cleveland.com forum and don't remember seeing anything about it over here.

http://www.parkworks.org/marketsquaredesign.htm
« Last Edit: September 09, 2009, 07:24:12 PM by MayDay »

Offline KJP

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Re: Cleveland: Ohio City & Market District Developments
« Reply #157 on: February 17, 2006, 04:24:33 PM »
Nice images. I believe my Cleveland counterpart at Sun did an article on this.
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Offline theguv

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Re: Cleveland: Ohio City & Market District Developments
« Reply #158 on: March 01, 2006, 10:09:36 AM »
in regards to the extravagantly prices townhomes of OhioCity project, it appears that two more (4 of 6) have now sold.  impressive considering a starting price of $450k
« Last Edit: March 01, 2006, 10:11:27 AM by theguv »
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Offline Map Boy

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Re: Cleveland: Ohio City & Market District Developments
« Reply #159 on: March 01, 2006, 10:13:03 AM »
And the madness continues... seriously, these people are crazy!

CMHA plans don't fly with Duck residents Sewers, traffic are worries
Thursday, February 23, 2006
By David Plata
West Side Sun News

People who live and work in the area of Columbus Road remain worried that plans for a Cuyahoga Metropolitan Housing Authority development are too congested, even though the plan has been scaled down.

The original plan called for 242 units, but has been cut to 171. Of those, 136 would be loft units sold at market rates, and 35 would be so-called affordable rental units.

"I'm against it,' said Pat Wisander, who lives on West 18th Street in the Duck Island neighborhood. "The infrastructure will not hold it. We have a bad sewer system as it is. That many more units would be ridiculous.'

In addition, she said, the project would bring too much added traffic to the area.

The new construction, including market-rate townhouses and low-income apartments, would stretch in five buildings along the west side of Columbus from West 25th Street past Abbey Avenue.

The final building, on a ravine north of Abbey, would rise above a below-grade parking structure and nearly reach to the Lorain Carnegie Hope Memorial Bridge. The buildings would be put up along Regional Transit Authority tracks and near the West 25th Street Rapid Station.

The project would be paid for with part of some $8.5 million remaining in a HOPE VI grant awarded to CMHA in 1996 to build mixed-income housing as a replacement for Riverview Towers on West 25th Street.

CMHA last year requested an extension on the grant deadline, but the request was denied by the federal Department of Housing and Urban Development. Now, CMHA faces possible fines when the deadline expires March 22.

George Phillips, CMHA director, was not immediately available. But Councilman Joe Cimperman, whose ward includes most of the Duck Island neighborhood, noted the project has missed numerous deadlines, but said he believes Phillips is doing a good job to get it back on track.

Last year, noting the neighborhood opposition, Cimperman suggested that 200 or more units could be built instead on the municipal parking lot across from Burke Lakefront Airport. He said the site is large enough that existing uses - parking, tailgating during Browns games and neighborhood festivals - could be preserved.

In a Sun News story two weeks ago, Phillips ruled out the site, saying it is too difficult to build on.

Cimperman said this week he didn't know how CMHA could arrive at that decision so quickly, and that he still believes housing development should happen on the lakefront, even if not part of the CMHA plan.

Larry Cooper, owner of Morgan Services Inc., an industrial laundry company at 2013 Columbus, also said he objects to CMHA's downsized plan.

"I'm absolutely against it,' Cooper said.

Cooper said the building proposed north of Abbey Avenue will be directly across from his business. In the last few years, he said, he bought out two homeowners who complained about the noise from his laundry, and to expand the business.

"They're talking about putting a seven-story housing unit directly across the street from my laundry,' he said, adding that he fears the new residents also will complain about the noise.

While most of Duck Island is in Ward 13, most of the project area is in Ward 14, represented by Councilman Joe Santiago.

Santiago noted the revised plan, by City Architecture, is far less dense and includes park areas to make it pedestrian-friendly.

"It's not going to be like a huge Riverview apartment building,' he said. "It's going to be scaled to match the neighborhood.'

Offline MayDay

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Re: Cleveland: Ohio City & Market District Developments
« Reply #160 on: March 01, 2006, 10:20:12 AM »
I do think that the owner of Morgan Services has a point but the residents are making much ado about nothing. God forbid their little slice of urban meadow heaven be developed. Yes, let's preserve the beautiful ambiance of such lovely places like the Abbey Market  :roll:

Offline smackem81

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Re: Cleveland: Ohio City & Market District Developments
« Reply #161 on: March 01, 2006, 11:32:40 AM »
Morgan services is out of place with the neighborhood, thats why people Bit*h about the noise. It is a industrial building in the middle of a residential area. So long as the building they build dosent looks heavily "instiutionalized" it will be okay. People are just bitching because it means change in their neighborhood. Residents are throwing out speculated "facts" like "infrastructure problems", without being any type of engineer, to block the development. Guess what? If the sewers fail the city fixes them, if anything this type of development will force the city to upgrade infrastructure in the area.

Change is inevidable in the area as Ohio city and Tremont get filled out, its simply a matter of connectivity between the two.

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Re: Cleveland: Ohio City & Market District Developments
« Reply #162 on: March 01, 2006, 01:42:30 PM »
The Duck Island Block Club policy on housing is that they want a 2 lot to 1 house ratio for all future housing.  They are rabidly anti-urban.  The long time block club president has something like 6 lots consolidated for a fenced in yard for her little ranch style house.

Offline smackem81

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Re: Cleveland: Ohio City & Market District Developments
« Reply #163 on: March 01, 2006, 02:04:49 PM »
^ Yeah, I just checked that out for myself. VINCI, ROSEMARY owns like almost all of w 18th street to herself. I really hate home owner associations and block clubs, treating neighborhoods like their own little fifedoms. The only way the can accomplish their little goal is buying up land really.

Offline 3231

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Re: Cleveland: Ohio City & Market District Developments
« Reply #164 on: March 01, 2006, 02:11:10 PM »
It is interesting how they strive not to be urban yet they are located in such an urban area.  Why live there in the first place? 

Offline urbanlife

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Re: Cleveland: Ohio City & Market District Developments
« Reply #165 on: March 01, 2006, 02:31:59 PM »
^ I think their dream is for Cleveland to die completely.  This area was never a hotbed of residential due to industrial uses and pollution, and it is not as if these are historic properties on acres of land. 
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Offline KJP

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Re: Cleveland: Ohio City & Market District Developments
« Reply #166 on: March 01, 2006, 04:35:09 PM »
I encourage you to write letters to the editor of the Sun and PD, especially if you are Cleveland residents and, moreso, if you are a resident of Ohio City.
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Offline MayDay

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Re: Cleveland: Ohio City & Market District Developments
« Reply #167 on: March 01, 2006, 05:26:23 PM »
Unfortunately the most effective way to present a argument would be to show photos of the glorious neighborhood itself (Abbey Market, the homes which resemble Appalachian squalor that I haven't seen since I left Appalachia, etc.), which you couldn't really do in a letter to the editor.

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Re: Cleveland: Ohio City & Market District Developments
« Reply #168 on: March 01, 2006, 06:21:28 PM »
smackem,  i don't think you should direct your anger at block clubs as they hold many fragile neighborhoods together and offer a sense of neighborhood security that little else can provide
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Re: Cleveland: Ohio City & Market District Developments
« Reply #169 on: March 01, 2006, 06:48:49 PM »
Sure block club provide sense of securty and neighborhood community, I'm on board with that. But this one (duck island block club) has an agenda to limit who and who cannot live there. Don't embrace new residential development and include people to the community, but rather keep them out.  Rosemary Vinci (head of this duck island block club) is also president of http://www.tremontwestdevelopment.com/ which seems to have some clout in the greater tremont neighborhood.

Like I said, they Rosemary Vinci, is using her blockclub to push an agenda of keeping "poor" people out. I concur with MayDays coment, its not a very great area to start with, and these new structures would be vast improvement to what is allready there.
« Last Edit: March 01, 2006, 06:58:50 PM by smackem81 »

Offline 3231

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Re: Cleveland: Ohio City & Market District Developments
« Reply #170 on: March 02, 2006, 05:58:10 PM »
^But isn't the market rate to affordable unit ratio something like 3:1 ?

Offline blinker12

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Re: Cleveland: Ohio City & Market District Developments
« Reply #171 on: March 03, 2006, 08:38:14 AM »
Controversy thickens for Ohio City housing
Friday, March 03, 2006
Angela D. Chatman
Plain Dealer Reporter
Cleveland City Councilman Joe Santiago has entered the debate over the mix of affordable and market-rate housing in Ohio City.

The newly elected councilman, whose Ward 14 includes part of Ohio City, has said he has threatened to withhold some of his Community Development Block Grant money to the Ohio City Near West Development Corp.

Santiago said his constituents south of Lorain Avenue say the group's board does not represent the entire neighborhood. They say it favors market-rate housing over affordable housing and housing for the poor. The residents fear they will be priced out of the neighborhood.

Officials of the development group disagree, saying their focus is on housing for people of all economic backgrounds in the near West Side neighborhood...


more at:  http://www.cleveland.com
« Last Edit: September 09, 2009, 02:20:06 PM by McCleveland »

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Re: Cleveland: Ohio City & Market District Developments
« Reply #172 on: March 03, 2006, 08:47:55 AM »
Wouldn't the people in that neighborhood want to get priced out?  I think that means the value of their home goes up.  I don't know, call me crazy but I would rather have a nice developement go in next door versus housing projects....but thats just me. 

Offline Map Boy

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Re: Cleveland: Ohio City & Market District Developments
« Reply #173 on: March 03, 2006, 09:22:19 AM »
No one wants to get priced out.  Yes, if values go up, they can expect improved amenities, properties and services...and who wouldn't want those things?  But with the mixture of owners to renters (30%-70%, respectively) in Ohio City, the lower-income folks stand to lose from rising rents.

I agree that homeownership is a worthy objective to shoot for.  Cleveland needs more of this and that it can be done for all income groups at the same time.  However, as this particular story relates to the HOPE VI project, if the site at 41st and Lorain could put the entire plan in jeopardy, then I think OCNW needs to concede it.  They can definitely push for a mixture of incomes on the site, but it's been on the table since last year and it would be a little unfair (in my opinion) for them to take it off the table entirely at this point. 

I get the feeling that this project is just going to run out of time and we're going to blow a huge opportunity here in Cleveland.

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Re: Cleveland: Ohio City & Market District Developments
« Reply #174 on: March 03, 2006, 10:09:26 AM »
  I don't understand why the riverbend site can't be made buildable?  Is it cost that prohibits it, or is it just plain not able to be done.  It just seems like such a waste of prie space that overlooks downtown.  There HAS to be a way make that land usable I would think.

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