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10Mar/100

Boston Mayor Blasts Vornado’s Roth Over ‘Blight’ Speech

Nancy Lane/Boston Herald

Frank comments from Vornado Realty Trust Chairman Steven Roth have sparked a political uproar in Boston over the stalled redevelopment of the Filene’s Basement site.

In an unscripted lecture at Columbia University last week, Mr. Roth implied that allowing a construction site to become an eyesore can be a successful business strategy because the government is likely to offer more generous incentives.

Boston Mayor Thomas Menino read the comments and fired off a letter to Mr. Roth blasting his “outrageous” remarks. “Admitting that you embraced a deliberate policy of long-term blight, at a major commercial location in New York City, exhibits a callous disregard for the well-being of the city and its people.”

Mr. Menino continued: “Inflicting pain on people, business, and communities to inflate the return to your enormously profitable company is reprehensible.”

Last week, Mr. Roth recounted how in the mid-90s he deliberately let the hulking Alexander’s department store sit vacant for more than three years. “Why did I do nothing?” Mr. Roth said, according to an article on the lecture in The New York Observer.  “Because I was thinking in my own awkward way, that the more the building was a blight, the more the governments would want this to be redeveloped; the more help they would give us when the time came.

Vornado didn’t respond to a request for comment.

Frank comments from Vornado Realty Trust Chairman Stephen Roth have sparked a political uproar in Boston over the stalled redevelopment of the Filene’s Basement site.
In an unscripted lecture at Columbia University last week, Mr. Roth implied that allowing a construction site to become an eyesore can be a successful business strategy because the government is likely to offer more generous incentives.
Boston Mayor Thomas Menino read the comments and fired off a letter [attached] to Mr. Roth blasting his “outrageous” remarks. “Admitting that you embraced a deliberate policy of long-term blight, at a major commercial location in New York City, exhibits a callous disregard for the well-being of the city and its people.”
Mr. Menino continues.
“Inflicting pain on people, business, and communities to inflate the return to your enormously profitable company is reprehensible.”
Vornado did not respond to a request for comment.
You can read the rest of Mr. Menino’s scathing letter (which is address, incorrectly to “Steven Roth) here:


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10Mar/100

Lee, Alpert Discuss Outlook for U.S. Housing Recovery: Video

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March 8 (Bloomberg) -- Ann Lee, a professor of finance at New York University, and Dan Alpert, managing director at Westwood Capital LLC, talk with Bloomberg's Pimm Fox about the outlook for a recovery in the U.S. housing market. (This report is an excerpt of the full interview. Source: Bloomberg)

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10Mar/100

Bianco Discusses U.S. Economy, Stocks, Housing Market: Video

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March 8 (Bloomberg) -- Jim Bianco, president of Bianco Research LLC, talks with Bloomberg’s Matt Miller and Margaret Brennan about the outlook for the U.S. economy. Bianco also discusses U.S. stocks, the housing market, and proposals to overhaul financial regulation. Bloomberg's Adam Johnson also speaks.(Source: Bloomberg)

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10Mar/100

Consumer Reset

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Same-store sales are rising higher than expected in February, but since the market hit bottom almost one year ago, most consumers have drastically changed their habits. Matthew Katz, of AlixPartners, shares his insight.

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10Mar/100

The Negative Effects of Fraudulent Appraisals

What recourse do home loan borrowers effected by the Detrimental Effects of Unscrupulous Appraisers have?...

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10Mar/100

Manufactured Home Park Living is Ideal for Retirement

With great prices, community, privacy and security, mobile home living is a thoughtful discretion for retirement living. There is a purpose the most mobile home parks are discovered in California and Florida, they are both states with a healthy retirement community....

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10Mar/100

Buying a Mobile Home is Affordable

If you see your home as an investment, then buying a mobile home is an discretion worth considering. Statistics denote that nearly 8.8 million American households live in mobile homes....

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10Mar/100

Mobile Home Fire Kills One in Veneta – KEZI TV


KEZI TV
Mobile Home Fire Kills One in Veneta
KEZI TV
One person is dead after an early-morning fire at a mobile home in Veneta. Now investigators are trying to figure out who it is. ...
One dead in mobile home fire near VenetaKMTR NewsSource 16
BRIEFLY REGIONThe Register-Guard

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10Mar/100

Getting mobile home loans with bad credit – LoanSafe

Getting mobile home loans with bad credit
LoanSafe
For those people put there with bad credit standing who wish to purchase or refinance a mobile home (assuming it's to be installed permanently and at the ...

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10Mar/100

Open Question: how to replace insulation under a mobile home?

i have wet rotted insulation hanging from underneath my mobile home. i need to know what to use and how to fix it

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