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City Is Selling

Buyers sought for Pa. Ave. properties

January 24, 2013

For sale: prime downtown Warren real estate. Where? 231-237 Pennsylvania Avenue Wes....

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(9)

peeon1

Jan-24-13 5:54 AM

Why isn't the sidewalk cleared? Is the city above the law?

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Clark

Jan-24-13 7:03 AM

"We don't need to specify it has to be used for parking or development rules." This is a prime development lot and Council doesn't care if it turns into a parking lot? How short sighted is that? I think the City should try to get a nice building on that site instead of a parking lot. With the financial shape the City is in, they could use as much tax revenue as it can get.

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dubedit

Jan-24-13 8:05 AM

The city should require development within a few years. Otherwise, some speculator will buy it, hang onto it for 20 years, and refuse reasonable bids from building-oriented buyers in hopes of even higher money in the future. That happened in DuBois. After nearly 30 years, property still sat there; had to go to court to get it back. Today, it's a thriving supermarket plaza.

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mike04

Jan-24-13 9:56 AM

mr. harvey should be a developer. what forsight and intuition he brings to council! i hope one of our local slumlords buys it and parks a few 70's vintage house trailers on it.

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SamHarvey

Jan-24-13 12:03 PM

mike04/ Clark- I am not a developer, at my day job or as a member of City Council. Centralized plans, grand schemes and public-private partnerships have not worked out very well in past for Warren.

The City ended up with a piece of surplus property that will never be put to public use. So it should be sold to the highest bidder in order to maximize the value received by the taxpayers. The more conditions put onto the sale the fewer and lower bids you’re going to receive.

How the property is developed is up to the eventual owner. Maybe it will start out as a parking lot, hopefully not, but it might. This still a lot better than what is there now. In the long run the free market is going to be better at determining what should be there rather than the City government.

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garypayton

Jan-24-13 1:23 PM

It sure doesn't look "prime" to me. Unless the city is going to invest in the properties to bring them up to modern standards (heat, plumbing, wiring, etc.), they would probably have trouble giving them away.

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mike04

Jan-24-13 1:47 PM

you sound like a developer. i've watched for decades as our city councils have flushed millions of dollars down the drain. sorry if i don't clammour to your ideas. i doubt that council could make money selling water in the desert.

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Clark

Jan-26-13 10:24 AM

I just think the City be thinking long term. Sell for a parking lot now and get some one time cash. Sell to a developer, get one time cash and decades of higher tax revenue. At least try to sell it for development. Don't just give it away just to quickly get it back on the tax rolls. This can be a win, win if done properly.

1 Agrees | 1 Disagrees | Report Abuse »

Clark

Jan-26-13 10:24 AM

Forgot the should in the first sentence.

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