tag:blogger.com,1999:blog-2281014352729737607.post343560608221516766..comments2024-03-19T16:56:38.565-04:00Comments on Damn Arbor: Opinion: Ann Arbor should buy back the Y LotUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2281014352729737607.post-32070828186220743132018-04-24T14:39:47.225-04:002018-04-24T14:39:47.225-04:00Oops. I meant appraisal not assessment. Specifical...Oops. I meant appraisal not assessment. Specifically the city’s median appraisal. Ben Connor Barriehttps://www.blogger.com/profile/05193673795454832674noreply@blogger.comtag:blogger.com,1999:blog-2281014352729737607.post-80515315969008086492018-04-23T14:18:15.683-04:002018-04-23T14:18:15.683-04:00[citation needed] on your assertion that the City ...[citation needed] on your assertion that the City will be losing 1.5 million a year on the Library Lot. Only thing I found was the City opting to pay 1.5 million once to get a few more affordable units in the building.Brianhttps://www.blogger.com/profile/01549714402045224684noreply@blogger.comtag:blogger.com,1999:blog-2281014352729737607.post-31430533814068908492018-04-23T12:26:54.203-04:002018-04-23T12:26:54.203-04:00Any developer the city might line up to build it&#...Any developer the city might line up to build it's version of affordable housing (mind you only affordable compared to Washtenaw County medians, not the rest of the state/world) has to do better then the offers being made around the Library Lot. The debate over selling this Public Land property had none of the hand-wringing over proper use that the Y Lot is experiencing, why is that? Core Spaces is proposing that the city pay almost $1.5 million/year back to Core to make up for the rent lost by providing affordable units. That's NOT a community benefit, that's a developer subsidy. We don't need any loser deals like that, masquerading as charity. The Core deal would eat through the $5 million sale revenue dedicated to afforadable housing in 3.5 years, then we would be subsidizing the units in that building in perpetuity. If this is the best our council majority can come up with, they can keep it. I have ZERO trust in council majority's ability to get this right.<br /><br />As for 2003, the council acts as a body, it makes no difference who is on it when, when it comes to contracts executed on it's behalf. Moot point.Neighborhood Watchhttps://www.blogger.com/profile/10114131974261567344noreply@blogger.comtag:blogger.com,1999:blog-2281014352729737607.post-58836899851137770782018-04-23T11:54:44.524-04:002018-04-23T11:54:44.524-04:00Could you explain the math on your "acceptabl...Could you explain the math on your "acceptable settlement"? When you say "assessed value", you do realize that the current assessment is likely to be lower than $4.2 million, right? It is unimproved property. Or do you mean the value of the appraisal? In that case, which appraisal? Viviennehttps://www.blogger.com/profile/12359669602428304286noreply@blogger.com