Tuesday, August 31, 2010

Jocbsen/Stater's and the RDA/GT City

The land deal and building plans of Stater Brother's Market have been assisted by the Schwab/City/RDA sufficiently to this point and time. The land was acquired under the threat of eminent domain and or limited to a single purchaser (Jacobsen). The property owners were coerced, pressured and at times threatened to get off that land.

Now that the land has been acquired, Jacobsen and Stater.s are looking for additional help in building on the land. If Stater's needs 900,000.00 to build on the land to break even it could be said that the price Jacobsen is charging Stater's is too high, and Stater's should be looking to that negotiation not the RDA or City or Tax Payer to off set an inflated land price.

Why is this reasonable. All property is artificially inflated in its value when the RDA/City provides funds this way. Then it makes other businesses try to acquire property at the inflated costs and they don't get the same RDA Support. Or worse, they do get the support and the Tax Payer is supporting the bloated Real Estate Market.

Only Bankers and Realtors benefit from a bloated Real Estate Market.

Stater's is welcome in GT. But they should build on their own dime, and if the deal in total is too costly, they should look to Jacobsen to lower the cost of the land, not the City or RDA to make building less expensive or support them with RDA funds or City Fee Adjustments.

If a big business like Staters can't afford to pay city fees, then all fees should be lowered for all businesses, including existing businesses. If a code is waived for Stater's it should be waived for all businesses.

Citizens have had enough of Designated Favorates getting special treatment by the government at all levels.