SALISBURY -- Developers for the River’s Edge apartment project updated the Salisbury City Council last week on the progress they have made since last appearing over the winter.
A very tentative construction date of September 2014 was floated. Additionally, developers asked if the city might want to explore further partnerships involving River’s Edge, such as a Payment In Lieu Of Taxes (PILOT) plan as well as assisting in making the development more accessible for the permanently disabled.
“We’re making progress with our investors, lenders and the state as well,” Andrew Hanson, a developer with Osprey Property Company, told the council. “In fact, we just received conceptual approval from the planning commission last month just based on still trying to work on some housekeeping issues as it relates to some critical areas as well.”
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13 comments:
Glad to see there's still plenty more money to waste within this town.
If not for The Dispatch Residents would know zilch of the goings on at Council meetings IN ity and county. Joe you use to update us but guess you have stopped going to these meetings along with all the others who use to show up at every meeting. Guess nobody much cares what the Councils do anymore.
Well I've worked hard all my life and never taken a dime from any government assistance agency. I always wanted to live on the water. Why is this being discussed to develop for people that need assistance? I am sure I can't qualify to live here either. Always played by the rules and where has it gotten me. A house with no value, severely impacted retirement funds, and no social security probably. Where did I go wrong?
Artist community crap is a joke.
Anonymous said...
Artist community crap is a joke.
July 12, 2013 at 5:49 PM
Bingo!
It's Gay and Artsy.
Payment In Lieu Of Taxes (PILOT) plan means the tax payers in the city will pay for this project. This is exactly what the old mall developers wanted to do with their project. It's a scheme where the developer gets rich because they don't pay any taxes on the property for 20 years. If Jim Ireton and Jake Day fall for this crap then the tax payers need to hang them by their balls.
Payment In Lieu Of Taxes (PILOT) - payments negotiated between companies and local governments to cushion the blow to public services caused by property tax abatements. Sometimes PILOTs are pegged to cover a specific portion of a company’s normal property tax liability, such as the school increment.
Isn't Andrew Hanson the same dude that promised they would not ask for a PILOT when they got the City to approve it last year?
For every 1 of these art communities that have been successful many more have failed.
It's just completely asinine to try and reinvent Salisbury.
Went to the sale on Fitzwater street today for the first time to see the art. The area had been so flooded that they canceled the event I guess. Anyway...there was a sign stating they were closed today. This is a problem area in so many ways. Section 8 housing will just bring a whole new set of troublesome issues to the area. It is a shame b/c several very nice businesses have tried to make a go of it there. I still wouldn't want to be there after dark.
Section 8/Low Income housing will do nothing but increase the crime rate in Salisbury 2 fold. How are these so called tenants going to prove they are artist? This is a scam that even Debbie Campbell fell for.
Obviously a scam
Though the arts angle has received a lot of attention during the development process, Hanson stressed that only a “preference” will be given to artists and people who aren’t identified as such may have the opportunity to live in the space. He also underlined that the definition of “artist” that will be used will be very broad and flexible.
Brian Lopez represented that the project would require no subsidies - including a pilot. Approval was predicated upon that. I hope that the Epilepsy Association can pull this back together. Otherwise, they will have been used by someone who now appears to be unscrupulous and should pull the plug on their involvement. If that happens, the project will likely fold because a nonprofit partner is needed and I am doubtful that the state funding would see an exit by the nonprofit sponsor favorable. As originally presented, this development would have been a key to bringing the arts to Salisbury as a catalyst for improving downtown. Promises were also made about carefully screening artists. Salisbury was shown a property on the Western Shore that is 100% artists as an example. Leave it to Ireton and Andrew Hanson to screw it up. Mr. Lopez, where are you? You need to get back in the picture and make sure that the promises you made are kept.
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