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On the article Drexel Town Square Plans Marching Forward
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On the article Drexel Town Square Plans Marching Forward
vocal local 1
9:14 pm on Friday, May 17, 2013
ReplyWal-Mart, the single largest retailer, to the list. Wal-Mart just reported that same-store sales fell 1.4%.
Read more at http://investmentwatchblog.com/wal-mart-warns-of-economic-disaster-are-you-prepared/#fVORLRSiEylt6iag.99 -
On the article Drexel Town Square Plans Marching Forward
vocal local 1
7:18 pm on Friday, May 17, 2013
Actually rodbuster ideally the apartments would contain 10 to 20 percent HUD, family housing mixed through out the complex. We do have children of residents that cannot find affordable housing especially single parent, in the city. Thus are forced into living in other communities with less expensive rents. 50 to 120 units max.
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On the article Drexel Town Square Plans Marching Forward
vocal local 1
8:39 am on Friday, May 17, 2013
Interesting observation treeman. Is Pending Approval unique to OC Patch? Also, is it applied across the range of posters or is it random?
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On the article Drexel Town Square Plans Marching Forward
vocal local 1
5:16 pm on Thursday, May 16, 2013
ReplyOC Paul: apparently there are no other business's stepping up to the plate. Small retail and other consumer products business will end up leaving as the OC population cannot afford to spend enough to support them. Trust me, the developer's have done their homework. What bothers me is OC officials attended the Business Conference in Vegas again this year to learn about the market and push Drexel Square. We have never heard report. Also of concern is the contract with Wis Park reads the project will not suspend as related to the economy. I would think the economy in a free market place drives development not the opposite. Can the mayor and council do anything at this point in time other than accept Meijer's? I wouldn't want to become Wisconsin's Stoughton. They could cut the cost by not building a new Library and City Hall at this time. School district hasn't determined any immediate need for the current site.
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On the article Drexel Town Square Plans Marching Forward
vocal local 1
5:18 am on Thursday, May 16, 2013
No Lisa, Meijers is not a threat. "If" Meijer's withdraws interest the whole expensive project fails. The retail and consumer goods market is shrinking as the depression deepens and the dollar loses international value. Were in deep shit. Remember, all the redevelopment efforts are financed with debt with the state and federal governments near bankruptcy.
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On the article Drexel Town Square Plans Marching Forward
vocal local 1
5:10 am on Thursday, May 16, 2013
I agree the rental market has been good in recent years but they all currently have vacancies Mike. I simply don't see five or six hundred high end rentals flying in this economy. Rental trends have shifted as more people desire to live close to work young people are choosing to move into the cities across the nation not into the burbs.
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On the article Oak Creek Out $300K for Lakefront Land Purchase
vocal local 1
10:05 pm on Wednesday, May 15, 2013
Reply"The full $600,000 cost of purchasing the 30-acre parcel will now come out of the city's $1 million budget for lakefront redevelopment work, Haskin said."
Isn't the one million budgeted for lakefront redevelopment actually debt spending? Thus, won't we now be borrowing another 300,000 from the revolving door debt spending plan? Were paying 600,000 for the Wabash site. 22.5 acres of heavily industrial polluted land with plans to develop a park which won't contribute any revenue to the city. Cities redevelopment plans are too rich. We as a city receive the most revenues and have the greatest debt of any city in the state. Very poor risky financial planning as the jigsaw puzzle looses shape. -
On the article Drexel Town Square Plans Marching Forward
vocal local 1
8:29 pm on Wednesday, May 15, 2013
Reply"The one business that has committed is Meijer.
Developers are proposing a 193,000-square-foot Meijer store to anchor the development. The company has a contract for land on the east end of the site, according to Franke, who at the same time cautioned that Meijer is "not a done deal." Big Plans, Big Spending and lots of hot air, what if Meijer's withdraws interest? Is Barrett the cities project manager? How much are we paying him to tell us 170 high end rentals are going to fill and after all 5 or 600 units are completed we'll probably have need of more? Last I heard the city was short on low end rentals and starter homes just like surrounding communities. Are we going to have a real public hearing with a presentation of facts and financial disclosure on how much debt OC will suffer or more of the little stations where residents don't get the whole picture? -
On the article How Many Students Did Southeastern Wisconsin Schools Suspend Last Year?
vocal local 1
5:55 am on Sunday, May 12, 2013
Reply128 suspensions at the OCHS seems rather high breaking down to about one in ten students with the highest rate in the eleventh grade. I'd prefer to see in-school suspension. And question "if" the school psychologist are working with all suspensions? Further what corrective counseling methods are being employed if any? I support zero classroom tolerance which leaves school authorities with few options other than suspension but does not limit additional intervention assistance. The public requires more information on reasons leading to suspension and identification of staff and situations which can also contribute to suspension rates,
vocal local 1
10:38 pm on Monday, May 20, 2013
Nicole, IKEA has no interest in building a store in OC. Meijer's is our only hope to finance part of the TIF debt on Drexel Square and new Library. OC has a horrible reputation when it comes to developers who no longer choose to jump through hoops and invest in the city unless it's a give away deal with low tax rates and other enticements. The cities development schemes are too rich and destined to fail in this economy. But that's OK as OC residents have lots of money and can afford rising taxes to develop the lakefront, build a new city hall, library, fire station and soon, another new elementary school.