Development

Developers Development Property Taxes SF City Council Sioux Falls

Redevelopment of the Core should have started a decade ago

l3wis July 14, 2019 15Comments

I have been a follower of Strongtowns for almost 10 years now, and tried to bring Chuck into speak about 7 years ago but couldn’t scrounge up a sponsorship. I’m happy to see people trying to embrace their thinking, but I think we need to play some serious catchup.

Jodi makes a good point in her Sunday column today;

But I think a renewed focus on improving existing housing stock, redeveloping core neighborhoods and investing in infrastructure and amenities that draw people to those neighborhoods could help.

Help?! I have been pleading with city councilors for over a decade to implement a core neighborhood revitalization program through re-allocating TIF rebates to individual homeowners and small apartment owners in our core neighborhoods. It could be a multi-tier program that gives property tax rebates for certain kinds of upgrades as well as using federal grants and community development loans. While we are in the middle of a crisis right now in SF when it comes to affordable housing because we have allowed realtors and developers artificially inflate the market. We can’t cry over what we should have done, we need to implement these programs ASAP to save our core neighborhoods while creating abundant affordable housing.

Developers Development Downtown Sioux Falls Legacy Developments Sioux Falls

What’s happening with the apartments by Sunshine GS Downtown?

l3wis July 12, 2019 1Comments

As you may or may not know, the apartments are being built by Legacy Development, the same business involved with the Parking Ramp Debacle and collapse of Copper Lounge.

I do believe the project also got some Federal tax incentives(?)

Almost every night I ride my bike through DTSF to look at how progress is going on various projects. This week Raven tore down the old building by their parking lot and they have been working on the donor wall at the Arc of Dreams (which is funny because they built a concrete block wall a single block wide, then attached cut quartzite to the concrete block. Why not just use solid quartzite? Weird.

But the one thing I have noticed is the Legacy apartment project has been hardly touched for several weeks. In fact the plywood and studs that are exposed are starting to dis-color with all the rain and heat.

I have a city official looking into the progress and hope to give an update.

Developers Development Downtown Sioux Falls Sioux Falls

The Signage is up?

l3wis June 26, 2019 3Comments

Developers Development Downtown Sioux Falls Sioux Falls

Is this property being leased from the city?

l3wis June 19, 2019 2Comments

I noticed that the developer of the Cascade has been using city property in Falls Park West as staging ground for the development. I wonder if the developer is leasing the property while using it and if they will repair the cover when done at their expense?

I find it ironic that the citizen taxpayers held this land for over a decade, collecting NO taxes on it for the developer and now they are using more of the property. They also received a large TIF for the project. These apartments are not workforce housing, these are market rates. The studios go for $895 a month and single bedrooms go for $1,200 a month, hardly ‘affordable’ housing. So what really is the city getting in return for the TIF? Well like most TIFs in Sioux Falls, not a damn thing except higher property taxes for the rest of us especially with another opt-op looming for the county and the SFSD. It’s time for us to end the corporate welfare practice of TIFs.

Developers Development Sioux Falls

Expensive home sales as ‘News’ shows the enormous gap between the wealthy and working poor in Sioux Falls

l3wis June 16, 2019 17Comments

Over the past couple of years we have seen this rise of expensive home sales as somehow being ‘news’. We get to see these enormous castles on various news websites as somehow being a testament to the booming economy of community. All it says to me is that our industrial complex hospital systems are paying their doctors too much.

What’s sad is that week after week as we have to endure the sales of the week (which always exceed $500K and sometimes teether on the million dollar mark) while most working class folks in Sioux Falls are struggling to pay a mortgage (if they are so lucky) or even pay rent and feed their families. Don’t be fooled by the poorly decorated rich peeps homes that are selling like hot cakes, Sioux Falls has an enormous housing crunch right now that has nothing to do Dr. Ding Dong’s Lake Estate.

Let’s admit it, unless you qualify for some charitable or federal program (because you suddenly have 6 kids jammed into a 1 bedroom apartment because you don’t know how to use a condom) most working poor people are left behind. And even if you can manage to keep your willy wrapped and work three jobs, it is virtually impossible to build a new home in Sioux Falls for under $200K.

And rents, they are astronomical because we have allowed the apartment developer market to regulate itself with little interference from local or even state government (besides handing out TIFs like candy).

The carrot dangling by some of the news organizations is ridiculous. The constant ‘look what you could have if you just worked harder’ (or had a medical or law degree) isn’t reality. Reality would be for these same ‘news’ organizations to push for more pay equality, living wages and ending wage collusion between our top employers in town, then we can move onto affordable housing.

Let’s start talking about the real housing issues in Sioux Falls instead of Dr. Ding Dong’s indoor pool vaulted ceiling irish pub hot tub gourmet kitchen and heated floor garage.

Redevelopment of the Core should have started a decade ago

What’s happening with the apartments by Sunshine GS Downtown?

The Signage is up?

Is this property being leased from the city?

Expensive home sales as ‘News’ shows the enormous gap between the wealthy and working poor in Sioux Falls

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What is the City’s Art’s Coordinator up to?

The Anti-Bike Crap needs to end in Sioux Falls!

So Erica Beck wants to run for mayor? LOL.

The City of Sioux Falls doesn’t understand transparency and open government