Councilman wants to give Shipyards, old Courthouse land away! What do you think?

[icarus]

Not $69 million.  The only way to realize the true value in the property is more than likely through some public/private partnership or a proposed use that generates a serious accrual to the tax base.

[CityLife]

Is the Shipyards really worth $69 million? If this property were sold at auction, how much could it really get?

It is more than the Shipyards...per the article, "The Shipyards, old courthouse, former City Hall and several Downtown parking facilities"

[NotNow]

Yes.  Negotiate for the maximum value and make it a part of a 20 year solution to the underfunded pension along with employee concessions and a dedicated property or sales tax increase.

Put the property back on the tax rolls.  The city has no incentive to move this property and we just continue to eat the expense of maintenance.  Private development has the incentive.  Plus our bond rating improves again because we address our pension (all pensions) issues like responsible adults.

[edjax]

It could possibly be a good idea down the road but should not be done now as an emergency.  God only knows how our council would mess something as big and complex as this by just passing it without debate and thinking it through. Hmmm. Ok maybe that is not a good reason since they seem to mess things up pretty good when they debate too.  Oh well.

Also he is doing this solely for political reasons in my mind.  Have heard rumors he may think of wanting to run for mayor and what better platform than to say he saved us all from that big old bad tax hike.  God help us if this guy ever becomes mayor.  Keep in mind he also voted for the Mobility Fee moratorium and also against the Human Rights Ordinance so well thought out ideas for the good of the community are not his strong points.