Comment 116696

By ergopepsi (registered) | Posted March 01, 2016 at 14:15:32

Is the consultants report being dismissed out of hand? No deconstruction of what was in their report? Deloitte has been in the business of financial analysis for decades and they are reputable. It would be interesting to see their breakdown. Or, are their arguments too strong to include in this article?

In my view, as a financial analyst with no experience and dubious reputation, the city is wise to sell these properties and now is as good a time as any. The buildings contain a deficit of $xM and so by selling the city immediately divests themselves of that cost. Land values always go up and no matter when they sell the land will be worth more in the future.

I hear a lot of talk about gentrification of the downtown but I don't see this being an actual problem for a long time. Good to have the discussion now as that's where we are trending to but the downtown has an overabundance of lower income residents. Bringing in some people with money to spend at local shops will only serve to improve the vitality of those neighborhoods.

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