Comment 90093

By seancb (registered) - website | Posted July 09, 2013 at 14:41:38 in reply to Comment 90090

It's not really a 3 way split, since the taxpayers are paying for 2/3 under this model.

If a developer buys a building built in 1840, they should be aware of the costs to keep it up. If they did not do their research, that's their problem, not the taxpayer's.

Blanchard is free to sell these on the open market, but he refuses - out of greed. None of us owe him a cent.

If the city designated these properties, it would cost us nothing and the problem would be solved. He would either have to renovate according to the terms of the designation, or sell to someone else. He only paid 400,000 for those buildings, and had paying tenants for 10 years. He would not even take a loss upon their sale.

Comment edited by seancb on 2013-07-09 14:42:07

I vote down for offensiveness and up for humour. I cast no votes based on my level of agreement.

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