0

Squawk of the Day - Nov. 3, 2011

"The Heritage investors are never going to demolish that building. The lot would not be worth even half the cost of demolition. Both sides are aware of this. Prediction of final conclusion: Taxpayers remove building, investors won’t reimburse for it, taxpayers take property, sell property and lose at least $250,000."

For more squawks, pick up a copy of today's Albany Herald.

To submit a squawk, Click here.

Comments

TrixibelleBento 2 years, 5 months ago

BUT the City wins by not having this awful eyesore on display.

0

waltspecht 2 years, 5 months ago

No, the City loses by not having the ability to level high enough fines against the investors to compensate it for the work.

0

TrixibelleBento 2 years, 5 months ago

True, but sometimes you've gotta do what you've gotta do to rectify the situation. They would never pay the fines anyway.

The glass is half full!

0

Shinedownfan 2 years, 5 months ago

I dont even think the property would sell. I bet it remains a vacant lot. Who would want it?

0

TrixibelleBento 2 years, 5 months ago

Vacant is much better than the way it looks now. Most of the lots that the City has demolished on remain vacant, but that's a much better look than having an old delapidated building or house on it.

0

supersquawker 2 years, 5 months ago

I wonder if Phoebe would like to buy it?

0

whattheheck 2 years, 5 months ago

Good idea! Phoebe Oglethorpe, coming soon in your neighborhood.

0

Sign in to comment