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Want to buy a building, real cheap? |
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Vivian Moon
MUSA Council Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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Posted: May 16 2016 at 8:47am |
1316 Val is one of the seven properties mentioned in the article. Posted: 7:00 a.m.
Monday, May 16, 2016
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Vivian Moon
MUSA Council Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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Hmm...once again I'm confused by this latest article about the buildings in the downtown core.
We were told not long ago that DMI and MMF were in charge and working on a master plan for the revitalation of the entire downtown core. |
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What A City
MUSA Resident Joined: Nov 06 2009 Status: Offline Points: 115 |
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Well. let's see. Didn't the city accommodate Robinette with the Rose Furniture Building on finances? Wasn't Robinette involved in some apartment remodeling downtown somewhere? And what is the status of these two enterprises with the city and Robinette to date? Any progress on these two projects by Robinette.
If there is stagnation on either, why would the city offer him yet another chance to do something with another downtown property if he hasn't shown any means to finance his other projects? Will this "Liberty Spirits" idea go the same route as the Rose Building has and sit idle long past any realistic timing toward completion? Is the city turning over downtown property to a so-called developer that hasn't produced anything from start to finish to date? And wasn't Robinette involved in the early-on bidding of the Manchester at one time? Was there a problem with financing on his part then too? I know Robinette is in the "friends of the city" club but when is it time for the city to just say no to any more involvement with him on business development? In addition, the idea of owning the property and then giving away the old seniors center to HEP and then paying 20 grand of taxpayer money to retrieve it, knowing there isn't any interest in buying it really borders on ill-conceived thinking. Would any of you real estate investors do this in running your business? |
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spiderjohn
Prominent MUSA Citizen Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
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Why would anyone quote Mr.Picard?
Does anyone take him seriously?
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middielover
MUSA Resident Joined: Oct 31 2015 Location: Middletown Status: Offline Points: 192 |
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Gilleland and her lifelong buddy Kohler took ownership of all these crap buildings leaving Adkins to cleanup their mess.
At least he (Adkins) is moving ahead with unloading them on some unsuspecting sucker. |
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What A City
MUSA Resident Joined: Nov 06 2009 Status: Offline Points: 115 |
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middielover: "At least he (Adkins) is moving ahead with unloading them on some unsuspecting sucker"
Is deception a trait we want in a city manager, the council and all city leaders? |
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middletownscouter
MUSA Citizen Joined: Oct 11 2010 Location: Sunset Park Status: Offline Points: 501 |
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People who are paying a DOLLAR for a building know full well what kind of mess they're getting into.
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spiderjohn
Prominent MUSA Citizen Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
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Actually it is the taxpayer and citizen who has no connection to the former downtown area that is being played as the sucker, because they are the people funding this concept and have done so for close to two decades. Cincy st properties(at least something to show for the cge building), 5th/3rd, rose, properties purchased by and recently gifted to victory llc(exactly who are they?), Masonic, and many more(u fill in the blanks).
People take these properties knowing that city admin will pretty much do and pay anything more to hope that something sticks. All while the rest of the city continues to be ignored. Granted--the former downtown area is beginning to show potential and should have a positive summer. Doesn't change much outside of that area though, and the rest of town is paying the price(particularly in property values--why pay for anything here when the city will eventually gift it to you + seed $$?). Hopefully the current MCSD master plan meetings will lead to a new direction for local public education. The teachers and staff are still trying to convince everyone that they are doing a good job and the test scores/discipline issues don't matter. But the public knows better. Discipline and fundamentals consistently driven Through K-primary, and it would be a given by middle schools and up instead of a troubling new concept. Jmo |
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Middletown News
Prominent MUSA Citizen Joined: Apr 29 2008 Location: United States Status: Offline Points: 1100 |
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Middletown to consider offers for one of seven buildings it owns MAY 17, 2016 LEAVE A COMMENT The Journal News has been working overtime to find something to report on, so as is sometimes the case, they are way ahead of the actual story on city owned buildings. The City has to make an evaluation when the private market abandons a property. Look at the old Library on First Avenue. Look at the old Montgomery Wards building on Main Street. Look at the old Lincoln School on Central. When the private real estate market abandons a property and no one will even pay one dollar to purchase it at the Forfeited Land Sale held by the state each year, what, as a city, should we do? In the case of the Lincoln School, we had to board it up to keep people out of it and someone still set fire to the vacant structure. We spend thousands of dollars mowing the property each year. It is once again forfeiting to the State of Ohio for unpaid taxes. The State of Ohio holds title but does not maintain the building or any forfeited property in their name. I can quit spending money mowing and boarding the building and then the entire neighborhood will look terrible when you drive by and we’ll have an abandoned, unmowed eyesore along our newly paved Central Avenue. The City is the last in line when the private real estate market fails. In the case of the school, we can continue to leave title with the State of Ohio and continue to mow and board and maintain the property indefinitely. We will not get our mowing and boarding money returned to the taxpayers because if it is sold out of forfeited land status, all liens are removed from the property upon transfer of title. No return of your tax dollars. I can demolish the school at the cost of several hundred thousand dollars of your local tax dollars. Because title is with the State of Ohio, that lien would also be removed when sold out of forfeiture. No return of your tax dollars. I can take title and either try to market it with other incentives or demolish it and use incentives to redevelop the land. No return of your tax dollars. There was a comment on MiddletownUSA asking “Would any of you real estate investors do [these types of things] in running your business?” I would sincerely hope the answer is “of course not.” We are not real estate investors. We are what is left when no real estate investors want the property but something has to be done anyway. There is no right answer. I can make good arguments for letting it go to woods and not spending mowing funds, for continuing status quo, for demolition while in the State’s title and for taking title and trying to redevelop the property. Different intelligent people would probably see this in different ways and there are pros and cons to each approach. At the end of the day, the property is going to cost local taxpayers tens of thousands of dollars or more no matter which choice the city makes. The question becomes which “stupid” decision is the city going to make? The answer is that because there is no one left to hold accountable for the property, the city is going to look stupid no matter what choice they make. Now let’s look at the seven properties in the Journal article. What Councilman Picard asked us to do was to assemble the list, see which were marketable, and then develop a submission package including a business plan and bidsheet on each building that staff could evaluate and then send on to City Council for consideration. We are working on that package now. At some point in the nearer future, we will put the properties that could be redeveloped up on our web page with the package available to download and complete. The Montgomery Wards building on Main and the Studio Theater have been condemned. The Montgomery Wards building no longer has a roof and is a brick shell. The front part of the Studio is solid but in terrible condition. The theater portion should be demolished and is unsafe. 1200 First Avenue has been abandoned for years and is in terrible shape. We took title with the intention to demolish the property and return it to green space. 403 Curtis is in use and will likely not be for sale. The building on 9th Avenue has active leases and staff has not yet evaluated the leases, space, and condition of the building for sale. The building on Clinton is in poor condition but the City would accept offers on it. The former Senior Center is not yet titled to the City so we are not able to show the building or do much with the property until title transfers to the City. If you have interest in redevelopment of the old Senior Center, let us know and we can contact you later as we take control of the building. I’ll blog about this again as we get organized and have real information to share with the public. Have a great week! |
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VietVet
MUSA Council Joined: May 15 2008 Status: Offline Points: 7008 |
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Adkins:
"There was a comment on MiddletownUSA asking “Would any of you real estate investors do [these types of things] in running your business?” I would sincerely hope the answer is “of course not.” We are not real estate investors" WHAT???? "WE ARE NOT REAL ESTATE INVESTORS".....Seriously? You most certainly are real estate investors. You bought the entire Thatcher Estate properties. You owned the Manchester because you were asking $350,000 for it at one time and ended up, as you do most of your real estate properties, by giving it away for a buck. You just re-purchased the old Seniors Center for 20 grand after giving it away to HEP for free......after buying it in the Cincy State campus building purchases along with the old CG&E building. Didn't the city purchase the old Ben Ligon service station on Main St to demolish it "to create more parking for the Cincy State campus" that never has come to fruition. More pie in the sky crap from your crew Adkins. How about the arts place you tried to get rid of and ended up giving it to Sue Wittman for free? How about the deal with Robinette and the Rose Furniture fiasco? City-taxpayer money involved (and wasted) in that too, right? What about the old Journal building? Wasn't that owned at one time by the city and sold to some developer who made pie-in-the-sky plans that never developed either. What about all the loans you have given for startup business ventures like the Liberty Restaurant that never developed into any long term success? Didn't the city own the old JC Penney store at one time? How about the Studio Theatre. The city tried to sell that at one time, right? Yes indeed, Mr. Adkins, the city has been involved in real estate deals for many years now. Why would you make a statement like that that can't possibly be defended? |
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I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over.
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VietVet
MUSA Council Joined: May 15 2008 Status: Offline Points: 7008 |
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To address the issue of the state taking title of private sector abandoned properties and leaving the cost of grass mowing and boarding up for the cities to absorb, why hasn't a city like Middletown gotten together with all the surrounding cities (assuming they have the same issues) and filed a class-action lawsuit against the state for the cost to maintain these abandoned properties or demolition costs as an alternative? Why haven't the cities fought back legally to be reimbursed by the state if it is too overbearing on a city's budget?
Is it that hard to track down the owners of these buildings and make them take care of their properties? How does the city (or state) lose track of property ownership that easily? Isn't it on file at the auditor's office? How often are these properties reviewed for ownership? |
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I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over.
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