City purchase of old buildings is not sensible public business

To Continue Reading, Please Log In


Forgot your password?

7-day subscribers of The Daily Sentinel have unlimited access to all digital content with their log-in. Guests must register for limited access -- 12 articles a month.

Already a 7-day subscriber? Start here to activate your online access.
Don't have a username and password? Register now

COMMENTS

Commenting is not available in this channel entry.

I don’t know the details of the transaction, apparently Rick Wagner doesn’t know them either. Having said that, there is a cost to leaving a burned out building in the middle of downtown. It drives down surrounding real estate values, which have already been diminished by the economic downturn. Those lower values translate into lower property taxes. There are also “opportunity” costs associated with having a city that is blighted. I’d like to know the whole story before I pass judgment. Maybe you can do a follow up story that shows us who paid who for what, and what financing was used to make the transaction work. I do know from my work in economic and community development that CDBG grant money (money from the federal taxes that all citizens of the city pay)is frequently used to cure blight. If we can enhance our downtown by returning some of the money we all pay in federal taxes, the deal starts to make a lot more sense.

I wish the City had as much interest in the empty commercial properties that drive down property values and invite vandalism in the rest of Grand Junction as it does in downtown…



TOP JOBS
Search More Jobs





THE DAILY SENTINEL
734 S. Seventh St.
Grand Junction, CO 81501
970-242-5050
Editions
Subscribe to print edition
E-edition
Advertisers
Sign in to your account
Information

© 2014 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy