Looks like the City of Ventnor wants to buy an empty lot on Ventnor Ave.
Ventnor Commissioners claim they want more open-space in the city. They want to turn this small (30 ft wide) area at 6510-12 Ventnor Ave., into a so-called ‘pocket park’. Sounds nice, but why would the City even consider this expensive idea that some call a private bail-out using public funds?
If Ventnor City buys the property, it would no longer pay property taxes. Property would be removed from the municipal tax rolls. Is this a good use of taxpayer funds? Should city consider purchasing other distressed properties in town as well?
NOTE: a similar situation took place in Ocean City recently. Mayor Gillian and OC City Council were ready to pay far above market value for a shuttered automobile dealership. Local homeowners organization called FIT, Fairness in Taxes, stepped in to slow that controversial deal. Read more from FIT.
Ventnor considers public bail-out of private property using ‘pocket park’ scheme.
Is this space too small to build? That’s what some Ventnor commissioners think. The idea was introduced at the recent Ventnor Commissioners meeting.
Those opposed to buying the lot, see this as a private property bail-out, with little value to the public.
The parcel of land, next to Shalom Pita, once featured a building that was destroyed in a fire this past July 6th. It was quickly torn down after the fire.
According to Ms. Lobiondo’s blog; Downbeach, the property is owned by Margate realtor, DJ Gluck. According to Lobiondo, the owner ‘doesn’t have sufficient funds’ to rebuild.
Wanna voice your opinion on this controversial taxpayer expense? Attend the public hearing on THURSDAY, DEC 12, at 5:30 pm. Ventnor City Hall. (or leave your comments below)
Ventnor Commissioner, Lance Landgraf, keeping quiet about how much he’s willing to pay for the property.
This property was assessed for $390,800.00. The land was assessed at $249,600.00 and the improvements to the property were assessed at $141,200.00.
6512 Ventnor Ave costs 139 DORSET AVE, LLC $10,293.67 annually in taxes.
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