Wilkinsburg site goes from blight to bright

Nov 14, 2011 Full story: PittsburghLive.com 12

The 27 apartments in the Crescent and Wilson buildings have been gutted and are being restored for $8.6 million to create low- and moderately priced housing in Hamnett Place, a National Register of Historic Places district in the borough that has been the focus of revitalization efforts for several years.

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Mike Anthony

Pittsburgh, PA

#1 Nov 15, 2011
dont matter what they build, the lowlife people there will ruin it just like they ruin all of Wilkinsburg

“Obama is a Liar, Period!”

Since: Jan 07

Pittsburgh, PA

#2 Nov 15, 2011
Whose 8.6 million was it? If this is tax payer money, then the taxpayers are stupid. Every time this is done, it's always a bad investment.
Old Man Foibles

Pittsburgh, PA

#3 Nov 15, 2011
Old Cynic wrote:
Whose 8.6 million was it? If this is tax payer money, then the taxpayers are stupid. Every time this is done, it's always a bad investment.
Fer gawd's sake, Old Man! Ya' wanna put in yer 2 cents worth, READ THE ARTICLE FIRST, so there's at least a slim chance you might say something at least intelligible, if not actually intelligent.

Had you done so, you'd know that the $8.6 million for the apartment work included government funding, specifically,$5.3 million from the state and $1.6 million from the county.

Two foundations headed by Dick Scaife, publisher of the Tribune-Review, donated $1.1 million in total to the Hamnett Place restorations, so this has the conservative, right wing-nut stamp of approval, Old Fool.

“Obama is a Liar, Period!”

Since: Jan 07

Pittsburgh, PA

#4 Nov 16, 2011
Old Man Foibles wrote:
<quoted text>
Fer gawd's sake, Old Man! Ya' wanna put in yer 2 cents worth, READ THE ARTICLE FIRST, so there's at least a slim chance you might say something at least intelligible, if not actually intelligent.
Had you done so, you'd know that the $8.6 million for the apartment work included government funding, specifically,$5.3 million from the state and $1.6 million from the county.
Two foundations headed by Dick Scaife, publisher of the Tribune-Review, donated $1.1 million in total to the Hamnett Place restorations, so this has the conservative, right wing-nut stamp of approval, Old Fool.
Even one dollar of tax payer money is too much! Besides the private money represents tax deductions for the donators anyhow. We would be better off erecting tents as most of these housing units become temporary housing as the residents disrespect the units and destroy them. The Great Society has failed and it's time we recognized it.
Old Man Foibles

Pittsburgh, PA

#5 Nov 16, 2011
Old Cynic wrote:
<quoted text>
Even one dollar of tax payer money is too much! Besides the private money represents tax deductions for the donators anyhow. We would be better off erecting tents as most of these housing units become temporary housing as the residents disrespect the units and destroy them. The Great Society has failed and it's time we recognized it.
Well, at least you recognize that the wealthy are only concerned about their own bottom line, which is the real underlying motivation from any supposedly charitable donation by the rich.

And your remaining comments are nothing more than yet another expression of your nauseating bigotry.

“Obama is a Liar, Period!”

Since: Jan 07

Pittsburgh, PA

#6 Nov 17, 2011
Old Man Foibles wrote:
<quoted text>
Well, at least you recognize that the wealthy are only concerned about their own bottom line, which is the real underlying motivation from any supposedly charitable donation by the rich.
And your remaining comments are nothing more than yet another expression of your nauseating bigotry.
Did your research also point out the fact that the remodel of these 27 units will average over $300,000 each? This building will require a maintenance commitment of well over $100,000 annually? But who cares, it's just taxpayer money. Another example of Obamaomics.

You can buy a really great tent for $250 dollars. All the old brick can be recycled. The land can be sold and returned to taxpaying status. Not good enough for the progressive mindset though!
Old Man Foibles

Pittsburgh, PA

#7 Nov 17, 2011
You make a reasonable point as to whether or not such expensive restorations of historic buildings are a prudent use of taxpayer dollars for subsidized housing. But in as much as TWO buildings are involved, where did you get the info regarding your statement: "This building will require a maintenance commitment of well over $100,000 annually?" Didn't see that in the article.

“Obama is a Liar, Period!”

Since: Jan 07

Pittsburgh, PA

#8 Nov 17, 2011
Old Man Foibles wrote:
You make a reasonable point as to whether or not such expensive restorations of historic buildings are a prudent use of taxpayer dollars for subsidized housing. But in as much as TWO buildings are involved, where did you get the info regarding your statement: "This building will require a maintenance commitment of well over $100,000 annually?" Didn't see that in the article.
How about a lifetime of apartment and real estate ownership. 20 plus units will require a full time maintenance man and a weekend and off hours emergency contractor for plumbing and electrical. Elevators require special licensing and inspection fees. Insurance, taxes, and rental administration will cost as well. Add debt service. Think about it. One clogged sewer line will be a couple thousand or so.

And yes I question the logic as well. Only way this works is if the rent is applicable to the expenses, collected on time and applied back to the project.(Which I, with my worst case outlook, doubt will happen for the extended life of this project)
Old Man Foibles

Pittsburgh, PA

#9 Nov 17, 2011
Old Cynic wrote:
<quoted text>
How about a lifetime of apartment and real estate ownership. 20 plus units will require a full time maintenance man and a weekend and off hours emergency contractor for plumbing and electrical. Elevators require special licensing and inspection fees. Insurance, taxes, and rental administration will cost as well. Add debt service. Think about it. One clogged sewer line will be a couple thousand or so.
And yes I question the logic as well. Only way this works is if the rent is applicable to the expenses, collected on time and applied back to the project.(Which I, with my worst case outlook, doubt will happen for the extended life of this project)
Add debt service? Clearly not a maintenance cost, Old Man, and your attempt to employ it to justify your overstated costs makes your "experience," and your cost estimate, questionable at best. And did you not understand from the article that the renovations are fully funded, so what "debt" are you servicing, Old Fool?

That's the problem with conservatives... they're always overreaching for the circumstances in which they're operating.

“Obama is a Liar, Period!”

Since: Jan 07

Pittsburgh, PA

#10 Nov 18, 2011
Old Man Foibles wrote:
<quoted text>
Add debt service? Clearly not a maintenance cost, Old Man, and your attempt to employ it to justify your overstated costs makes your "experience," and your cost estimate, questionable at best. And did you not understand from the article that the renovations are fully funded, so what "debt" are you servicing, Old Fool?
That's the problem with conservatives... they're always overreaching for the circumstances in which they're operating.
Ok - follow the project, see what happens. Or better yet, why don't you invest some of your cash in it. Should be a great return. Yep, a great return.
Old Man Foibles

Pittsburgh, PA

#11 Nov 18, 2011
Old Cynic wrote:
<quoted text>
Ok - follow the project, see what happens. Or better yet, why don't you invest some of your cash in it. Should be a great return. Yep, a great return.
It's subsidized housing, Old Fool; it isn't an investment, so the objective isn't to make money.

And if you want a really bad investment, why didn't you buy into Dubya Dumazz Bush's Iraqi war? Oh that's right, Dubya kept it off-budget and rolled the costs into his Daddy's and Ronny Reagan's national debt that wasa doubled by Reagan, and then more than doubled again by Dubya!

Couldn't possibly compromise the tax cuts in a time of war! Can't ask those Americans who have most profited from this nation to sacrifice for it's supposed defense, can we? That surely wouldn't be conservative position (actually it would be, but today's conservatives are lying, fear-mongering bullsh*t artists! William F. Buckley is spinning in his grave!
boo

Pittsburgh, PA

#12 Nov 19, 2011
What ev

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