Affordable Housing

[Djeffery]

Originally Posted by ssiguy

The City already knows that either they are going to have to clean up the site themselves or sell the lot for a song and letting the developer do it. It's far better to let the developer do it because no developer is going to spend that amount of money and then let it sit as a parking lot ala Farhi.

Yes, there certainly aren't any other examples in town of the city selling a property for nothing and letting the new owner clean it up *cough*McCormicks *cough*.

The problem here is, as jammer says, if this parking lot is flood plain and development will be difficult to get passed, despite and examples in recent history of flooding actually happening there, what can be done with it and how much is the city going to spend to clean it up without being able to make money back on it?