Department of City-Owned Chicanery: Why did the city pay $300,000 for this (now) vacant lot at the corner of Culbertson and E. 5th? - Hallo friendsDARMO NEWS TODAY, In the article you read this time with the title Department of City-Owned Chicanery: Why did the city pay $300,000 for this (now) vacant lot at the corner of Culbertson and E. 5th?, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article culture, Article economy, Article health, Article healthy tips, Article news, Article politics, Article sports, We write this you can understand. Alright, good read.

Title : Department of City-Owned Chicanery: Why did the city pay $300,000 for this (now) vacant lot at the corner of Culbertson and E. 5th?
link : Department of City-Owned Chicanery: Why did the city pay $300,000 for this (now) vacant lot at the corner of Culbertson and E. 5th?

Department of City-Owned Chicanery: Why did the city pay $300,000 for this (now) vacant lot at the corner of Culbertson and E. 5th?

Gone, but at a ridiculously inflated price.

The 502 Culbertson property facing Fairview Cemetery was purchased in 2017 for $350,000, two-and-a-half-times the price paid by the previous owner in 2011. It was a horribly maintained slumlord property recently boarded up. A few months ago the building was demolished and seeded, and now it's (yet another) vacant lot.

According to Elevate, the city of New Albany purchased the property in January for $300,000. There are derelict houses on all sides, and even the assessed value of a mere $47,800 seems too high -- so why has the city paid more than six times the assessed value to own it?

I'm intentionally withholding the name of the previous owner; let is suffice to say that he owns seemingly half of Southern Indiana.

Please forward to your council representative with a question: What sort of chicanery is taking place at 502 Culbertson?

(Thanks to B for the tip)

Thus Article Department of City-Owned Chicanery: Why did the city pay $300,000 for this (now) vacant lot at the corner of Culbertson and E. 5th?

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