The Hantz Group Eastside Woodlands Project

[Richard]

There are several blight buster companies that are receiving funding from the $52 million.

The city has pulled all houses from the tax auction deemed in need of demolition and is offering large block sales only,it has cancelled currant bids.

So,

Start a blight buster company.

$100,000 will get you started by buying a bulk package from the city.

Receive funding from federal demolition funds.

$10,000,000 Should be enough to get you going.

Charge $5,000,000 in administrative costs and use the rest for the demolitions,you can leave the basements,it okay because it is a crises and the public wants them gone at any cost,it is fed money so it is not like we are actually paying for it.

There you go,100 grand nets you 5 mil in the bank and the best part is you get to keep the land with all costs covered no out of pocket.

The plus side is ten years down the road you can apply for tif funds to build a subdivision because you will be improving the city.

Think bigger,you have Mr. Gilbert, a mortgage company,on the demolition board.

You now have a builder that controls a very large undesirable section of English Village.

So you have the funding of the land at no cost,the developer and the mortgage broker in place all in a neat little package.

Good for the city as a whole? I guess time will tell.

But make no mistake,nobody is doing this out of their pocket or out of the kindness of heart.

Kinda shows where to speculate for the kids collage,opps city made sure you cannot do that.