Thejesus Member Username: Thejesus
Post Number: 1897 Registered: 06-2006
| Posted on Wednesday, August 22, 2007 - 10:43 am: | |
I found the fact that they own this at all very interesting... http://detnews.com/apps/pbcs.d ll/article?AID=/20070822/UPDAT E/708220391/1003 |
Novine Member Username: Novine
Post Number: 65 Registered: 07-2007
| Posted on Wednesday, August 22, 2007 - 10:49 am: | |
How does this solve Dearborn's budget problems? They get a one-time infusion of cash to cover the current deficit but absent some structural changes, won't those deficits be back again next year? |
Elsuperbob Member Username: Elsuperbob
Post Number: 64 Registered: 03-2007
| Posted on Wednesday, August 22, 2007 - 11:00 am: | |
Something has to be done with it but I agree selling it is a one time solution. Maybe they should look into upping the rent. Perhaps not to full market value but at least so it makes a profit rather than break even. It's in a pretty nice spot, ocean on one side and a canal on the other if I remember correctly. They could bring in some good cash if they didn't hold down the rent. |