tag:blogger.com,1999:blog-8826793.post2106007553349295076..comments2023-10-02T08:28:06.724-05:00Comments on Ecology of Absence: St. Stanislaus Kostka School Deserves a ReprieveMichael R. Allenhttp://www.blogger.com/profile/17262548806079447404noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8826793.post-55898570012816725032008-04-07T06:20:00.000-05:002008-04-07T06:20:00.000-05:00O a tax credit project, the church could not maint...O a tax credit project, the church could not maintain ownership and benefit from rent. <BR/><BR/>Historic tax credits are established as a dollar for dollar reduction of state and federal income tax liability, however, to generate cash for a project, they are sold on the secondary market at a discount to a limited partner investor in the project. <BR/><BR/>However, rather than looking at the market or financial conditions facing a private redevelopment, the first issue is settling the church's own plan for the disposition of the property.<BR/><BR/>What do they want to do with the building? Are they open to rehab under a feasible scenario? Are they open to transferring ownership? <BR/><BR/>What options are they willing to put on the table?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826793.post-77207759091519081792008-04-06T23:22:00.000-05:002008-04-06T23:22:00.000-05:00The deterioration of the interior is by no means e...The deterioration of the interior is by no means extensive, in fact I would call it isolated compared to most buildings I encounter that have been unused for that period of time. I would say the building is in excellent shape. Obviously it needs new systems, and I noticed some vinyl asbestos tile that would need qualified workers to remove, but the building is an excellent candidate for rehab. I wonder if there would be any interest in apartments for elderly members of the parish? Nearby the old Franklin School was just converted to for this use. The church could bring in a developer to do the rehab and deal with the tax credits and the church could retain ownership and control of the property while having some income from rent.<BR/><BR/>Has Landmarks by chance talked to the church about the idea of preserving the building through tax credits?Vanishing STLhttps://www.blogger.com/profile/08798287914185180625noreply@blogger.comtag:blogger.com,1999:blog-8826793.post-32663139941579927182008-04-06T21:45:00.000-05:002008-04-06T21:45:00.000-05:00Obviously when the money market is tight there wil...Obviously when the money market is tight there will be fewer developers willing as they'll have a tougher time securing financing.<BR/><BR/>I'm simply saying that the building is desirable for development. It has features which people would desire. If it was rehabbed I would certainly like to buy a unit.Doug Duckworthhttps://www.blogger.com/profile/15684467055184767166noreply@blogger.comtag:blogger.com,1999:blog-8826793.post-441361942671990642008-04-06T21:41:00.000-05:002008-04-06T21:41:00.000-05:00Right now developers are struggling to sell condos...Right now developers are struggling to sell condos on Washington Avenue.<BR/><BR/>Claiming to be sure of a market for condos, based on a view of Falstaff is supported by what market comparables in today's market?<BR/><BR/>Rather than buffing for condo development, why not simply maintain/mothball the building for better days in the future?<BR/><BR/>Why the rush for demolition? Seems like sort of a hostage romance...if we (the St. Stans parishioners) can't have her, no one can!<BR/><BR/>Also, while there is much sympathy for the plight of the average St. Stans parishioner, there is also supposedly some concerns relative to control over the old parishes finances.<BR/><BR/>Has an audit been done of church funds in the recent past? Covering how many fiscal years?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8826793.post-49303448393254837742008-04-06T19:30:00.000-05:002008-04-06T19:30:00.000-05:00With the view of Falstaff, I'm sure there's a mark...With the view of Falstaff, I'm sure there's a market for condos. The class rooms are large, with equally sized windows. The ceilings are tall and most of the wood flooring are in good shape. The second floor would be great for a concert venue and there's room for a small bar. The basement could be used for laundry/storage or a community center/game room. The building really would work well for condos. The issue of parking is easily solved since there are many spots available. The lot is also fenced.<BR/><BR/>If the building was sold and listed on the Register, I'm rather confident people would buy. St. Stan's could have made a little money on the sale as well. I'm sure more than the cost of demolition.Doug Duckworthhttps://www.blogger.com/profile/15684467055184767166noreply@blogger.com