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Sunday, September 29, 2013

City-owned apartments’ price raises concerns


Scottsdale plans to spend $800,000 to rebuild two aging apartment buildings, raising concerns among some elected officials about the price tag paid by taxpayers.

Mayor Jim Lane and two City Council members said they think the city should cut its losses and sell the buildings along Belleview Street in south Scottsdale, which are run down after years of neglect.

“I’m a believer that, when it comes to the city trying to own public-housing projects, it’s a loser for us,” Lane said.

Read more...City-owned apartments’ price raises concerns

Reuters: Business News

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