So now that the Donald Trump deal with Running Horse is closer to being a reality, we have to begin to ask what will
How would this happen given that are hundreds of homes and businesses within that landscape? There are two basic options: (1) Trump buys out each individual land owner; or (2) the City acquires the land and negotiates some deal with Trump to obtain it. In the first scenario, Trump would have to negotiate with possibly hundreds of land owners who could hold out for a big pay-day or refuse to sell out right. Mr. Deal Maker does not have the time or financial desire to engage in such activities. That’s where Option 2 becomes ideal. The City through the Redevelopment Agency could buy the land (all City-proper 93706 is a redevelopment area) from owners whether they desired to sell it or not through eminent domain. In turn, the City could sell it to Trump at the purchase price, the market value or at a discount like the GAP distribution center land sale for $1. But before I just leave the bad taste of eminent domain in your mouth, understand that it’s no quick fix. The process is lengthy, tedious and can be just as costly as a conventional real estate process due to the regulations imposed to protect the resident and/or current land owner.
A few other questions to ponder:
- What could
West Fresnolook like?
- We, as residents ask for the City and land developers to consider our community but are we willing to accept the changes to the community—demographics, social and neighborhood composition?
- How can this become a win-win-win situation for the community, the city of
and investors/developer involved? Fresno
There are individuals with legitimate fears of how these changes may affect their community and more specifically their livelihood. Those who have planted their families and businesses in
The community is in need of a drastic change
I am of the belief that a Trump development could be the catalyst to the economic resurrection of
Thoughts? Am I completely off –base? I welcome your comments.