I don't care, just give me money
This view has been attributed to some in the community, but, perhaps not surprisingly, I have not yet heard anyone "own" it. It basically holds that those of us who own property in the development area should do whatever we can to maximize the return on our investment. Line up any developers who might be interested and let's make the deal that makes us the most money, regardless of the specifics of the development plan.
Believe it or not, I completely respect this view, even though, once again, I do not share it.
3 Comments:
Some will maximize their investment, some won't. For condo owners, it will be even more complicated as they must work through their Board. Millennium Bank and ASBO have Boards of Directors that will make the decision to sell and at what price. The Bank is a for-profit. organization and will likely wish not only to maintain a presence but enhance its services to the public. Fellowship Sq. has a parcel that could be developed; different set of concerns, on the other side of North Shore; non-profit, elderly housing. The list could go on.
Now we're talking...by which I only mean, "Now, we're talking."
And this is EXACTLY why we must stay vigilant - this won't be over in a few weeks or months. We need to put community pressure on those that think they can just buy the land and do whatever they want to make the money. If necessary, we will have to Shame them into doing it right and doing it with our interests in mind. OR it could be a win win!
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