Quote Originally Posted by tkelly1986 View Post
What bothers me is that this shows another case of the complete incompetence by city government/workers....If these properties are valuable for planned redevelopment projects, how can the city let these slip through the cracks [[when they have first right). Why are they not tracking this, whom is not doing their job??? Its not like they had no idea the property was to be needed, especially when the city buys the property from the speculators quickly thereafter.
Exactly my thought too.

If the CofD has right of first refusal on all these properties, then they should do a little research first and retain the properties they want.

The first rule as a seller is to know what you are selling. If you do not know what the asset is worth, then you are likely going to accept a low offer. This is pure laziness on the part of the CofD. If they had retained these properties, then the CofD would be making the profit and not this guy.

It is nearly always easier and cheaper to prevent a problem than deal with the aftermath.