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AGENDA 5-03-2016 |
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VietVet
MUSA Council Joined: May 15 2008 Status: Offline Points: 7008 |
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Posted: May 06 2016 at 6:49pm |
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Yep, old Adkins and company are doing a great job in the old investment area. Who wouldn't give a building away and then buy it back on pure speculation as to selling potential?
I noticed only token resistance from Tal Moon and Steve Bohannon. No itemized list from HEP as to the reasons for the asking price and some proof HEP incurred the 20 grand cost to justify the asking price. Naw, not important to old Adkins. Hell, it's just other people's money to throw around in their downtown pipe dream. "“No, we have not seen any kind of an itemized list as to what the costs they have incurred over the last four years with the building,” he said. “They just came to us and said, ‘We’ve got $20,000 tied up in it so far, and if you want it, if you’re willing to pay us back what we’ve got in it, then that’s what we’ll do for you,’ ” Bohannon said." No big deal to old Bohannon nor any of the other rubber stampers. Heck, not even a question or comment for the record, just for a change of pace in council proceedings. And I thought the newby council members would actually offer a new approach....more party members voting in line with the Adkins diet of downtown sundries. I like this.... "“Cincinnati State does not have have a future use for that building,” Adkins told members of council before their vote. “It’s in our best interest to take that building back and protect that use,” he said" "Protect that use"?...... What, did old Douggie think it might be bought by a "gentlemen's club" or a new house of ill repute might occupy their precious downtown and besmirch the inner sanctity of the Holy Land?...and, heaven forbid, right next to the city building fortress... "City offices could be put in the building, some of it could be rented out, “or we get a developer to use it for another purpose,” he said. “I think, yes, as time goes on it has more value.”" Has no value if no one is interested in it Douggie. Nothing does in real estate. We've all seen that concept with the Manchester and other buildings the city has purchased and then tried to dump when they wouldn't sell. |
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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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Vivian Moon
MUSA Council Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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Swohio75 The CG&E building was sold to HEP and then HEP sold the building 4-28-2014 to Store Master Funding for 5.8 million dollars.
Can I change my mailing address?" align="center" width="100%" border="0" bordercolor="black" cellpadding="1" cellspacing="0"> Mailing Name 1 | STORE MASTER FUNDING VI LLC | Mailing Name 2 | C/O HEP-CSTCC OHIO LLC | Address 1 | 101 DYER ST Suite 3-A | Address 2 | | Address 3 | PROVIDENCE RI 02903 | |
Sales |
Sale Date | Sale Amount |
28-APR-14 | $5,800,000 |
06-AUG-12 | |
05-APR-11 | |
Dwelling |
Stories | |
Gross Living Area | |
Construction | |
Total Rooms | |
Bedrooms | |
Year Built | |
Finished Basement | |
Current Value |
Land (100%) | $46,900 |
Building (100%) | $5,753,100 |
Total Value (100%) | $5,800,000 |
CAUV | $0 |
Assessed Tax Year | 2015 |
Land (35%) | $16,420 |
Building (35%) | $2,013,590 |
Assessed Total (35%) | $2,030,010 |
Incentive District Parcels What is this? |
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