March 05, 2009

Part3: Odd Fellows Lofts



674 Main Street



24 apartments all "affordable"



$4,400,000 total cost






click here for a more detailed article



13 comments:

David Z. said...

Another LIH article in this morning's T&G -

http://www.telegram.com/article/20090305/NEWS/903050646/1101/LOCAL

Jahn said...

Here I go agian............$183,000 per unit of taxpayers money to rehab apts in teh absolute worst rental area in the city.

Thanx to Barney & Jimmy again.

Just curious what they got for parking there.............they got the req'd 2 spaces per unit??

Who did this one Main South or Worc Common ground ??

Hows Cambrisge/Hacker streets faring these days............still 2 or 3 of 11 units rental/sold.and they been on the market how mnay years?

Bill Randell said...

2 or 3 units have been sold

I believe the are appealing to the State to allow them to rent the remaining units. You see the original grant specified home ownership.

If you rent the units then you have to pay the grant back. They need to get permission from the state to rent and then they will not have to pay back the grant.

In the end these will all be rent to "low income tenants".

Bill

Jeff Barnard said...

The Odd Fellows Lofts building is actually at 674 Main Street (660 is the Aurora Hotel).

Bill Randell said...

duly noted

what do you drive a cab or something?

Paulie's Point of View said...

the City of Worcester has lost real opportunity giving these oldah buildings up to no-income housing...this is classic WooTown..either tear down or give away!

NAME ONE "on the move" city doing this?

These buildings should be cornerstones of gentrificaion and instead they are being turned into magnets for more no-incomer's..it is a disgrace!

David Z. said...

Some optimism from Mike O'Brien for Worcester in 2009. Mike spoke this morning at the Worcester Regional Chamber breakfast.

Here is a link to the article from the Worcester Business Journal Noon Update.

http://www.wbjournal.com/news42910.html

Anonymous said...

I agree with Paulie on this one...

Harry T
Worcester,MA

Jahn said...

Optimism......David, surely you jest???........the city has been technically bankrupt (unfunded pension & health care obligations for 55 yr. old plus retirees).......for decades and it keeps gets worse every year...............

I am not drinking any of his Koolaid nor should anyone else and that includes me also not drinking Nobama Juice and Deval-Ade.

A year ago I was posting on here how bad the city finances were and how much worse they would become going forward. Now I'll tell you Fiscal Year ended 2011 will be even worse. We are planning for fiscal year ended 2010 right now.

I dont see how the city can move ahead when manager has to spend such an inordinate amt of time with finances/budgeting.

Call me Negative Jahn if you like.....some will call me realistic.......and wher'e s our city council as the City of 7 Hills burns finacially........grabbing 88% pay raises....WTH........!!!!! As someone else wouuld say........I cant make this stuff up.......

Mitt Romney .....City of Worc receiver......2011-2013

David Z. said...

Jahn,

No, I'm not jesting when I tell you that I have eternal optimism for the city.

Did you even read the WBJ article?

Jahn said...

David, optimisim is always good.....but we have to be realistic, too. Does that include optimism for city finances and if so, where is the money going to come from?

Jahn said...

David, optimisim is always good.....but we have to be realistic, too. Does that include optimism for city finances and if so, where is the money going to come from?

Gabe said...

Paulie, I couldn't agree more.

I had more to say but I am trying to keep my bitching at a minumum for a little bit.