Austin Blvd. homeowners fight proposed bike path.
Taxpayers are paying for the new apartment building on Ludlow.
"The bulk of the project — $13.5 million — would be financed through tax-exempt bonds, according to Sorrell, with the remainder of the money coming from the developer and possibly a federal historic tax credit. The bonds would be paid off with revenue from apartment rents."Revenue that will never appear. This building will be subsidized at least by taxpayers.
"“The market is unquestionably there,” Sorrell said. “The market studies that have been done over the years have shown a huge demand for student housing. … This project of 350 beds just scratches the surface of the demand.”"Then why didn't they rent the apartments in the old building?
It sounds like Dayton's supreme mafia leaders are offering PNC an offer they better not refuse.
Not happy with poisoning students nine months out of a year, local mafias begin indoctrination in mid-August.
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