Quote:
Originally Posted by Private —
Actually it said that the city "didn't reply to his offer to buy the three-story, red brick row house".
Which means he wanted to get the property for a song once it was removed from the tax rolls. Not the same thing as the city saying fu to him at all.
Why didn't he (or any of the other concerned residents/neighborhood preservation groups) buy it for peanuts at the sheriff's sale?
Because they wanted to basically get it for free, or have someone else do the work. It's the same story in any city. Complaints and "action" after the thing has been torn down. So I have zero sympathy for any of these "concerned" neighborhood residents.
|
Quick update. I checked with someone who deals with the city on these sorts of things. According to the city, both adjoining properties are privately owned with all taxes paid up to date. SO I am not sure where the Trib article got the info that the house next door was also controlled by the city.
Of course 1405 Buena Vista went up for Sheriff's sale. My understanding of the process is that during a sheriff's sale, very few properties sell -- just a small fraction. This is due to the fact that at this stage, as Private — mentions, these properties can be loaded up with liens. Once it becomes a certified sale, which could take many months, the City will most likely become the owner. At that time, they will have a 'free & clear' sale of the property.
For better or worse, developers & investors are in business to make a profit. Unless the property is bought by a person interested in living in the rehabbed property (end user) many or most investors are going to wait until the property is lien free to get it for the best price. That's capitalism. Fortunately many of these developers are also preservationists (intentionally or unintentionally) and doing the heavy lifting in terms of saving historical properties by investing in them. Much of the North Side, Lawrenceville and other neighborhoods have been restored by a combination of urban pioneers & investors in the first wave. The issue with this property was that in all of the routine waiting for this to go "free & clear" the city also had condemned the property and began to demolish it. Those are two arms of the city government that have different objectives as far as I can tell. So when demolition began, it probably did come as surprise to a lot of folks. Yes they could've paid more attention, but, really, if SO many folks are interested in saving this property, and the city would prefer to not have to demo it and also have the liens paid off, then clearly the city is not doing a good enough job of marketing, exposing and promoting the property.