Update 15 Oct -- Another $579,000 wasted by Council

News: Update  15  Oct  –  Another $579,000 wasted by Council

There was a decent discussion on this subject.  I recommend watching the video on the City's Website.  The discussion starts at 58 minutes and 48 seconds.  I thought I would  produce a table below based on the numbers provided to show how much would be collected if the developer were to sell 30 houses per year and the city netted $53,000 per house (we don't provide any supplement) versus…

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By joytoy57 posted
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 I know we have put way to much money in this housing project.. if it were so much in demand people would be putting down payment moneys on the units to get them built.. Just food for thought.. I vote NO MORE GIVING MONEYS $$ AWAY..
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