It's an alley. Not very pleasant even under the best of circumstances. Smokers, parked cars, an occasional drug deal make it less than ideal.

I agree with you though, some more lighting and signage would go a long way.

It's not well marked if you don't know what you are looking for. A lot of room for improvement.

https://goo.gl/maps/mtfJrv3rD45N5x9U7

Have you ever tried coming in the back door to avoid the stairs out front?

edit: In retrospect this sounds kinds shitty of me. OP should not be relegated to alley entrances at MRT or anywhere else.

You still have a security issue. Are we paying the BPD to manage it?

There certainly was a "we'll see what we find when we tear off the old roof" clause in teh contract. It's standard practice just like with your car. Yeah, you took it in for brake pads but it turns out you need rotors and caliper to boot.

TBH, I am not familiar with what other options were considered. This maybe the best/only one on the table.

I am just reading the tea leaves for red-flags using a healthy amount of personal bias and skepticism earned from living here my whole life.

I also wanted lean into the point that not all Christians are anti-immigrant. My mother has work with Lutheran Immigration and Refugee Services for many many years. They do fantastic amazing incredible work simply because its the right thing to do. No parades or fancy costumes necessary.

The charities are the veil they hide their evil behind.

edit: Apologists for the catholic church are the worst. Y'all going to burn.

Did you also note that they have provided no financial history...because there is none.

>Liquidity

>The Company was organized under the Delaware Limited Liability Company Act on August 2, 2022. As of now, we have not yet begun operations other than those associated with general start-up and organizational matters. We have no revenues and very minimal liquid resources (cash). We intend to use the proceeds of this Offering to buy and operate the Project, as described in our business plan, as soon as the Offering closes. We will also use debt (borrow money) to finance a portion of the costs.

>If we cannot raise money in this Offering, or cannot borrow money on the terms we expect, then the Company will probably dissolve.

A Delaware based LLC with no financials and very little skin in the game.

WCGW?

I am actually glad it was there. The pitch being made is much clearer without the focus on the property's list of issues.

The real deal is HERE

This article also has the Small Change link embedded.

Somebody give me the abridged version of why a privately developed shopping center should receive any public funds at all?

Is it just a straight up bribe to an out-of-town developer who would otherwise avoid the investment?

edit:

The answer to my question above is "yes" this is a grant where the city and state has no expectation of financial return.

So many other red flags in the link below.

From the formc:

TREND plans to use these funds to purchase the Shopping Center, make renovations and capital improvements and cover leasing, financing and soft costs. Anticipated sources and uses are tabulated below and in Exhibit A, the Acquisition and Construction Budget, and you’ll find a detailed operating proforma in Exhibit B.

Sources

First Mortgage Debt $12,794,100

CDFI Subordinate Debt $7,779,505

City Grant $7,500,000

State Grant $5,000,000

NMTC Equity $3,377,800

Insurance Proceeds $2,000,000

Sponsor Equity (TREND) $1,020,000

Investor Member Equity (Crowdfunding) $980,000

Total sources $40,451,405

Uses Purchase Price $17,050,000

Closing Costs $1,307,264

Hard Costs $16,865,712

Soft Costs $4,216,428

Developer fee $1,012,000

Total uses $40,451,405

Investor Return The Company plans to distribute its Available Cash within thirty (30) days after the end of each calendar year, as follows:

1. 49% to the Investor Members, in proportion to each Investor Member’s ownership of Shares; and
2. 51% to the Sponsor.

As of now, the Company has only two classes of securities: Investor Shares and Sponsor Shares. The Investors in this Offering (which may include the Sponsor and its affiliates) will own all the Investor Shares, while all of the Sponsor Shares will be owned by the Manager. Investor Shares which total 1 million, shall include investors in this Offering, and may also include the Sponsor, its affiliates or investors acquired in a follow up offering.

That's the stupidest combination I've ever heard in my life! That's the kinda thing an idiot would have on his luggage.

People just like the idea of solving two problems are once. It's not practical but it makes sense in people's brains that we have homeless people and peopleless homes...it should be easy-peazy to unite them.

Of course, that's not reality, but certainly you can see why the idea is popular.

It cant even just be one house. So what if you renovate one rowhome if the ones on either side are crumbling? And, who cares if you renovate 3 rowhomes if the block is still full of blight?

Individual investors will never solve the vacant house problem.

Windy days in the city can be like that. Thanks for pitching in to help clean up.

Thanks, OP.

Everyone who maintains a first aid kit should add this to the supply list.

Might as well have a flashing VACANCY sign out front.

Flamingos. Look for the Flamingos.

It take a lot of water to keep a pool topped off in the summer.

I wouldn't assume anything about either party.

edit: I guess I offended the pro-pool party.