By William Tauro
Since when does the city become landlords? The city is overstepping it’s boundaries! That’s how corruption begins!
In other words …. Developers can play Monty Hall “ let’s make a deal with the city “
Star market site
288 units –
2 6 story buildings
No parking
293 bike racks
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Some cities in Europe own about half the housing stock, and are not cesspools of corruption. It’s just a way to keep housing prices lower for some number of units, without ruining free market incentives to build more and keep up with maintenance. I strongly prefer this to rent control, and to doing nothing.
Not only that…but no parking…but a 293 space bike rack…the dream of every occupant riding a bike and no occupant owning a car. But the main premise of overstepping boundaries…another grab by the city…outrageous.