05-10-2019, 04:54 PM
(05-10-2019, 04:05 PM)welltoldtales Wrote: Hence why I think this story should be massive. It should be posted everywhere about how broken our property, zoning, capitalism and city planning is. Well intentioned laws are being abused for personal gain at the expense of every citizen. $800,000 is not chump change. If this demolition joins this massive tax arrears he will be taking even more. Not to mention that I imagine he is getting some massive discount on his taxes because this thing is empty. While he drives around in a sportscar. It makes me sick.
Because of the Tax issues too the city can't expropriate the land either. they have the next month to do so but how awful would that look. Sell it for 457,000 and then buy it back from 650,000. While losing 800,000 in between. We're so screwed on this...
This isn't really a problem caused by zoning rules, or by capitalism, or by poor city planning, even if all of those have their own issues.
This is a problem caused by a poorly-designed tax sales process governed by the Municipal Act, which prevents municipalities from effectively controlling the process.