4 ms·
Can't the city afford to build a nice set of apartments there, and let everyone continue to live in the same location with the same rent?
by marze 11y ago
Can't the city afford to build a nice set of apartments there, and let everyone continue to live in the same location with the same rent?
- kqr2 11y agoFrom http://abc7news.com/news/nonprofit-group-hoping-to-save-buena-vista-mobile-park-/701379/ http://abc7news.com/news/nonprofit-group-hoping-to-save-buen... The City of Palo Alto and Santa Clara County each has pledged $8 million toward purchasing the park from a private owner. Although $16 million was offered, it's well below the expected $30 million that the owners will probably net. http://www.paloaltoonline.com/news/2015/02/20/palo-alto-pledges-8m-to-preserve-buena-vista http://www.paloaltoonline.com/news/2015/02/20/palo-alto-pled... Since this has been going on for more than 2 years, it would have probably been better to use that $16 million to develop a separate property where they could relocate to as the trailer park is in a very expensive neighborhood where median sales price is about $2.65 million. To avoid more incidents like this, Palo Alto needs to make a more concerted effort to develop housing in order to bring down prices.
- ild 11y agoBay Area is ripe for reurbanization and densification, but 1. Americans do not have the necessary skills for high density urban planning; 2. too much opposition to this from the current owners.
- recibe 11y agoThe world is full of people who have unmet needs. Why should this property owner have to give up his rights simply because you and others feel bad about the victims of the sale? Feel bad every time you overpay for your own pretentious northern California rent.