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Sunday, February 09, 2014

River's EdgeIs Coming Down

Out with one mistake, In with another?
You make the call.

13 comments:

Anonymous said...

A big mistake followed by an even bigger one.

Anonymous said...

YEAH LETS BRING IN SECTION 8 housing and let the poor people ruin a new building and run it down so the city can so what they did across the street...

Board up the building and take it over...

How about we stop catering to the poor people and make them get a job or help them better themselves...

Anonymous said...

Easy, You gotta do public service to collect your "free" check.

Anonymous said...

What's the next one? I don't know what is coming next. Yes, I have been under a rock for a while.

Anonymous said...

Not a mistake if you're a slumlord looking to make a gazillion dollars with section 8 housing!

JoeAlbero said...

Look, I don't like this project as much as all of you. However, don't think for a second anyone is making big money off these kind of projects.

The Contractors involved make very little profit, but it keeps their staff employed during hard times.

Anonymous said...

As long as it is completed, it will be an improvement.

Anonymous said...

section 8 water front property.
lierton is possibly making some kind of profit from this.

Anonymous said...

Did you really say that out loud Joe? To think they are not making a decent profit is simply wrong.

They do not take on this magnitude of financial risk out of the goodness of their hearts.

JoeAlbero said...

anonymous 12:04, Yes, I said it very loud and clear.

You should do the research on this particular project because quite frankly I find it amazing how the financing is brought forth on this particular project. I happen to believe this project, (more so anything I've ever seen like it) is far more regulated than your typical "Section 8" type projects.

It is NOT your state?federal tax dollars at work here. Look it up.

Anonymous said...

Section 8 housing means our tax dollars are subsidizing somebody. For the property owner, they are after stable, guaranteed rent payments. They are essentially purchasing cash flow by putting up a building.

That building and Perdue leaving the center of town were the best chances we had to clean up the ghetto.

Anonymous said...

If this is going to be any type of section 8 housing, the people who will eventually live there are the one who need to be tearing this one down and building the next one, instead of just thinking oh goody I'm going to get something for nothing again. Make them work for it then maybe, just maybe, they might appreciate it.

Anonymous said...

This idea makes me realize I'm not the only one who does stupid things.The more I hear it explained the sillier it sounds.