Quote:
Originally Posted by TakeFive
Maybe I missed it but I didn't find where Corey wanted to override landOWNER rights nor did I see where the landOWNER in this case wanted to sell his properties to the developer?
Somebody please s'plain to me how 20/30 years from now that building larger footprint tenements is better than blocks where development is broken up into smaller vertical footprints mixed in with historically significant homes?
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In some of our eyes, yes it's not necessarily better, but who are we really to say what the landowner does with their own land? We don't know the full story behind these houses, it could very well be that they have deteriorated to the point where it would be prohibitively costly to restore, keeping in mind that large restorations sometimes also have to meet modern codes which can also add more expense.
I used to do structural evaluations of old homes in and around the Denver area, and let me tell you, when you get underneath these things and look at the foundations and structure, it can be pretty eye opening as to the poor condition. I have seen huge floor beams that are only being held up with randomly stacked blocks of wood, cans, or whatever else they could find....extremely cracked foundations...deteriorated and cracked structural beams, roof purlins, etc. etc. These were often times for people trying to sell, and it was sometime heartbreaking to tell them the place they were selling for 250k (this was a while back) needs $60k worth of repairs to get it up to some semblance of safe structural integrity.
In 20-30 years, it could be that these houses might not even be standing anymore without major structural repairs needed, we don't really know, and I doubt the current owner would have the funds or desire to take on the needed repairs if his return on investment would be minimal. So then its either sell to a developer, or someone like a historic society or the DURA comes in and buys the block and does the repairs. But if the places are just "nice old homes with character" and not of any other intrinsic historic significance, you will never get DURA in there to do that.