Tuesday, April 18, 2006
$400K Blight?
FLORIDA, Lakeland - The Community Redevelopment Agency has moved closer to taking private property for a plan that could put condominiums on blighted land. But at least one property owner isn't convinced the key to renewal is tearing down neighborhoods to build new homes. John Shelburne, who rehabbed the home on East Bay Street for rental property, disagrees with the CRA's methods. Shelburne bought the property about 1 1 years ago, remodeled it extensively and said the CRA's offer is not enough. He estimates replacing the property could cost $400,000."I'm not trying to squeeze the city for extra money," Shelburne said. "I'd rather keep the property than break even or take a loss."
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