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Glenwood Towers is (probably) next. City of Raleigh could sell that property and get enough money to relocate all the seniors living downtown, and to better facilities. The Sir Walter building's contract with HUD expires in 2020. Ben Carson is in charge of HUD now, so good luck getting any help from him.
I'm surprised that Glenwood Towers has lasted this long.
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I'm surprised that Glenwood Towers has lasted this long.
Does the City owner that building? If it does, I have trouble believing they would sell it. Seems like something this City Council wouldn't do. The City displacing elderly citizens doesn't seem like something that wouldn't win you voters.
Does the City owner that building? If it does, I have trouble believing they would sell it. Seems like something this City Council wouldn't do. The City displacing elderly citizens doesn't seem like something that wouldn't win you voters.
If they can make enough off it to build/buy another facility to house those seniors who cannot find another place to go, sure thing they'd sell it and nobody would even be upset.
It's how they treat the tenants, not that they want to redevelop a property.
I feel the same way about the Sir Walter situation. I think they are telling people 3 years in advance because they want to get as many people to find their own place to go as possible, leaving themselves with a smaller number they need to figure out how to relocate.
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If they can make enough off it to build/buy another facility to house those seniors who cannot find another place to go, sure thing they'd sell it and nobody would even be upset.
It's how they treat the tenants, not that they want to redevelop a property.
I feel the same way about the Sir Walter situation. I think they are telling people 3 years in advance because they want to get as many people to find their own place to go as possible, leaving themselves with a smaller number they need to figure out how to relocate.
Bingo ! I don't know if Global X has much interest in what's left in their wake, pretty website not withstanding.
Perhaps the most prestigious/historical hotel in the most coveted of locations is being used to house senior citizens. Does not make too much sense, especially for a city with enormous growth downtown. This can easily be converted into a niche-boutique type destination hotel. There is a ballroom, and a nice bar. It does not need to be super luxurious to attract visitors.
BTW, 3 years is plenty of time to re-house the current residents. I've seen HUD units give residents 9 months. That gets stressful.
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