Too big to donate?

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by on February 11, 2013  •  Permalink
Posted in Downtown Chapel Hill, Economic development, Housing, Land Use, Parking, Taxes
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Posted by Nancy Oates on February 11, 2013

http://chapelhillwatch.com/2013/02/11/too-big-to-donate/

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5 Comments

  1. Mark Marcoplos

     /  February 11, 2013

    Such is the mathematical dilemma in a macro-economy that really doesn’t care about affordability. Locals may, but the fact is the overseers of our overall economy could care less. From a residential standpoint, materials & labor are hard to reduce. The variable factor is income. The powers that be do not want to pay a living wage that allows people to “afford” a home. That is the unadressed aspect. The rest is uncomfortable back & forth about subsidies.

  2. Many

     /  February 11, 2013

    Mark,

    I agree that it is about context of relative income. In an extreme example, a carpet purchased for under US$200.00 in Iran, has more hours of labor than a 2000 sq ft 3 bedroom house.

    How many of these high end subsidies being compared to the Cousins Properties proposals occurred during the over the top real estate madness of the early part of last decade?

    Economically, it seems more important to have decent jobs from this project than the “uncomfortable back & forth about subsidies.”

  3. Fred Black

     /  February 12, 2013

    Chancellor Thorp raised it from $90K to $50,000/year payments for five years for affordable housing. Is “contribution” really the right word for what Chapel Hill asks for? What’s the better term?

  4. Many

     /  February 12, 2013

    exaction?

  5. DOM

     /  February 12, 2013

    extortion?