Also, I’d like to buy the Butler Block from TriMet. I’ll pay triple what the Allegro developers have offered — the Laquedemitasse will go halvesies with me on the $3 purchase price — and I’ll commit to buying 1000 all-zone rail tickets a month for the next 10 years. I figure I can make a decent profit by continuing to operate the parking lot and selling the excess FAR from the site (6 to 1 on 27,500 square feet, worth about $1,600,000) to the owner of the property next door. Any takers?
A proposal for TriMet to triple its money
Also, I’d like to buy the Butler Block from TriMet. I’ll pay triple what the Allegro developers have offered — the Laquedemitasse will go halvesies with me on the $3…
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Thanks for posting your recent thoughts on this ongoing Theater Of The Absurd.
Ron, thanks for linking to my Butler Block screeds.
One additional thought, which I haven’t fully developed yet, is that under Oregon law a condemning authority that doesn’t, within 10 years after a taking, use property for the purpose it intended to use it for must offer it back to the prior owner for the same price it paid the prior owner, plus interest. I don’t think 10 years have gone by since TriMet condemned the property, and my sniffing around suggests that TriMet hasn’t yet offered to resell the Butler Block to the former owner.
So, it could be viewed as just an option to purchase, with the full value being advanced. The “obligation” to resell back would/should attach, by operation of law, without the need for any subsequent affirmative act by the condemning entity.
My Mom bought and sold some of the (false start) Mt. Hood freeway homes, after their touch-up remodeling. I was too busy doing my own wild things to get in on the action, as a credit development kind of activity. I think I was digging ditches or some such thing developing character instead. I wonder if there should have been (or was) a cloud on each of the titles such that the buyers should have obtained quit claim deeds from the prior private owners.