Posted April 11, 200817 yr This property is the vacant building at the corner of 4th and Race, next to the McAlpin. Doing Due Process City council and administration clash over sale of a downtown building By Kevin Osborne Some Cincinnati City Council members want to sell a piece of city-owned property downtown at what critics allege is a sharply discounted price. If the sale is approved, it could give the proposed buyer potentially hundreds of thousands of dollars in profit that otherwise would go to the city, the critics say. Councilman Jeff Berding proposed selling the vacant building at 33 W. Fourth St. for $250,000 to MMF Realty, the company that currently has a long-term lease to redevelop the site. A recent city appraisal, however, pegs the property's value at $780,000, and city administrators want to sell the building on the open market to the highest bidder. Click link for article. URL for this story: http://citybeat.com/gyrobase/Content?oid=oid%3A144469
April 11, 200817 yr I noticed this week, they put plywood in the windows, and painted them white. Kind of weird looking. I will try to snap some pictures. I think MMF had their chance, let someone buy it and do something with it!!!
April 11, 200817 yr Geez, I'm not quite following. Why would they even consider selling it that cheap (250k) when they have other interests wanting it for 1 million? Sounds as if city coffers are either overflowing (Ha!) or somebody in gov't is up to something shady.
April 13, 200817 yr Next. As in the Next Hotel? :-D http://nexthotelandresidences.com/ is that project back in motion now? that website looks pretty promising
April 13, 200817 yr Next. As in the Next Hotel? :-D http://nexthotelandresidences.com/ is that project back in motion now? that website looks pretty promising Probably not! lol ... It has looked promising for 2 years! ;)
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