Let’s do the math…$55 million for Peary Court. 157 units = $350,318 per unit. Units that do not meet current building code.
0$ + costs to clean up or tear down the building at Angela and Fort Streets…Even if the cost was $1million, would it not be prudent to investigate the costs, and the costs of building elevated (if necessary) modular units or other affordable or workforce housing? I doubt it would cost more than $350,000 per unit. Jim Scholl should be ashamed, and his commitment to developing affordable housing questioned, if he actually said “you’re going to have to put a lawnmower somewhere”! It proves just how much he values the working people of Key West, the neighborhood of Bahama Village and the needs of our entire community. He apparently values his time and that of his staff more, if they can’t take the time to investigate this new option at the same time they are continuing to move forward on the referendum on Peary Court. How much does the City of Key West pay the City Manager and his staff to find solutions rather than offer excuses and put up road blocks? You can bet that none of them are personally worried about being able to pay their rent or whether or not they can afford to continue to make Key West their home. And, apparently none of them is very good at math…
The City is offered a piece of PRIME REAL ESTATE and they HESITATE!!! The value of this property is estimated to be worth about 1.8 MILLION DOLLARS!!! WHY? Because it might have to spend $300,000 to clean it up and make it usable!!! Take the FREE PROPERTY, sell i, and let a Developer worry about the clean up.
At the same time they are contemplating BUYING a piece of property for 15 to 20 MILLION DOLLARS more they they could have bought it for 5 years ago. A property that is currently paying TAXES OF MORE THAN $11 Million!!!
Let’s do the math…$55 million for Peary Court. 157 units = $350,318 per unit. Units that do not meet current building code.
0$ + costs to clean up or tear down the building at Angela and Fort Streets…Even if the cost was $1million, would it not be prudent to investigate the costs, and the costs of building elevated (if necessary) modular units or other affordable or workforce housing? I doubt it would cost more than $350,000 per unit. Jim Scholl should be ashamed, and his commitment to developing affordable housing questioned, if he actually said “you’re going to have to put a lawnmower somewhere”! It proves just how much he values the working people of Key West, the neighborhood of Bahama Village and the needs of our entire community. He apparently values his time and that of his staff more, if they can’t take the time to investigate this new option at the same time they are continuing to move forward on the referendum on Peary Court. How much does the City of Key West pay the City Manager and his staff to find solutions rather than offer excuses and put up road blocks? You can bet that none of them are personally worried about being able to pay their rent or whether or not they can afford to continue to make Key West their home. And, apparently none of them is very good at math…
Only in Key West!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The City is offered a piece of PRIME REAL ESTATE and they HESITATE!!! The value of this property is estimated to be worth about 1.8 MILLION DOLLARS!!! WHY? Because it might have to spend $300,000 to clean it up and make it usable!!! Take the FREE PROPERTY, sell i, and let a Developer worry about the clean up.
At the same time they are contemplating BUYING a piece of property for 15 to 20 MILLION DOLLARS more they they could have bought it for 5 years ago. A property that is currently paying TAXES OF MORE THAN $11 Million!!!