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PUT IT ON THE MARKET

IT'S TIME THE SCHOOL DIST. DOES ITS JOB. GET THE BUILDING BACK AND PLACE IT ON THE MARKET.

WE SHOULD NOT BE HOLDING THE MORTAGE. LET'S GET OUR MONEY AND RUN... ONCE AND FOR ALL !!!!

c vesuvius

I am a Bulldog Studio artist and a Beacon resident and I agree with "Put it on the Market". The School District should get out of the mortgage business. But I would argue that the District might as well accept market value now if offered rather than later. Ultimately they'll only get what the building's worth anyway whether it’s the Beacon Cultural Foundation restructuring the financing of the building now in a way that helps us artists or whether the School District eventually sells it later to whomever. Why wait?

I've checked with the Bulldog Staff and they have said that the District has already received over $600,000 in interest and principal from the sale of the old Beacon High School, money which I'm sure has helped offset the District's budget problems. And they still hold the mortgage. So that seems not bad.

And the District has been able to help the community as well. Even though it drove us crazy, the District sublet space they rented from the Beacon Cultural Foundation to one of their own Board Members at special price so that the community could have some day care.

Let's just move forward.

B. Eakins

My understanding of the sale of the old high school was that the district was "cashing out" its equity in the property- a strictly business transaction. It now appears that the district has been subsidizing the buyers through "lease backs" and picking up costs associated with running the building (heating costs) when the new owner could/would not. I agree that it is time that the district got out of the real estate and mortgage business. The district should not be spending taxpayer's money to fund someone else's business ventures. To properly establish the value of the property simply foreclose on the defaulted mortgage and put it back on the market. The next buyer should be required to provide its own financing and the current owners should be excluded from the bidding. (Fool me once shame on you, fool me twice shame on me.)
In short the district should spend our money on education not social engineering or subsidizing private business ventures.

timecode

What should happen is that Bill Erlich and his gang should be run out of town with either the threat or the act of emminent domain. He has done nothing good for this town and all of his rotting buildings are not only a sure sign of his ego run amok, they are dangerous, an eyesore and a drain on everyone in this town that has been working to make it a better place. Think too of all the tax revenue those buildings would bring in if they were renovated and open for business. Thanks, Bill, for the rebranding of Beacon. You've done a great job.

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