Cheshire developer, PZC settle on housing
From the NHR (by Brian McReady)
With a protracted legal settlement behind him, Ravenswood Homes developer Dean Fiske can begin construction on 63 age-restricted units behind the town transfer station.
Last week, the Town Plan and Zoning Commission unanimously approved an out-of-court settlement with Fiske, a Cheshire developer, which reduces the number of units from 72 to 63.
Fiske filed his application under the state’s affordable housing statute; the Inland Wetlands and Zoning panels had repeatedly denied the proposal, citing safety and health concerns.
TPZ Chairman Walter “Beau” Clark said a Superior Court judge Friday accepted the settlement.
Clark said if the project had not been filed under the state’s affordable housing statute, it’s likely the town could have prevailed at trial. But under that statute, the onus is on the town to prove that the project is not necessary. Towns must have at least 10 percent of their housing stock designated as affordable in order to shift the burden to the developer.
Tim White
11 comments:
watch Fiske try and saddle the owners with some surprise obligation aftr they buy their units
Wait till the new owners find out that they own the landfill and are responsible for a toxic cleanup.
What are zoning laws for? We might as well just pretend.
As we have seen withe Northend, they mean nothing and if the developers don't like them, they just et them changed the way they want.
The developers run Cheshire.
The town bought some time here and gets a better deal with age restricted vs the phoney baloni "affordible racket". The housing market is in the 'hitter now and this may never happen.
Calcagni said the market looks good in article in Herald....I guess it looks good if your getting 300 units in the north end.
"Calcagni said the market looks good "
No one sees a correction of the market decline in the short term.
There are so many houses on the market now that many of the houses for sale are not even advertised.
I have read that you will get more for your house if you sell it yourself and you can save the 6% commission. 6% of a $300,000 house is a whopping $18,000 saving.
On the news this afternoon, I heard a startling statistic.
Somebody estimated that by the end of the year, 15 million American homes would be worth less than the their mortgage... which would lead many people to walk away (declare bankruptcy??) from their homes.
Ignoring regions and demographics, if you assume Cheshire is 1% of CT (30,000 of 3,000,000) and CT is 1% of the US (3million of 300million), then that hypothetical 15million home statistic would mean that...
by the end of 2008, 1500 Cheshire households will be worth less than their mortgage. (sorry, I can't cite any sources, but I figured I'd mention it)
Even if the total number is on the high side, if that trend exists... it would seem within the realm of possibility that several hundred more Cheshire houses go on the market by the end of the year. And if they don't sell, and stay on the market for three months (as compared to the three hours it was only a few years ago)... you could be seeing "for sale" signs everywhere in Cheshire by year end.
But we can increase our homes values by adding turf to our football field and building a big mall with 300 residences, right???
Maybe that's why Calcagni wants to sell that land? To help all of us.
You can save a lot of money selling your own house and in the process get a higher selling price than the realtor could get for you. Key in google " Sell your own house" and you'll get a lot of information on how to do it. You can list it with a picture on
http://www.forsalebyowner.com/
A John Stossel, of ABC, story about a woman who sold her own house for $25,000 more than the realtor said she could get and she saved big time on the commission.
http://abcnews.go.com/2020/Business/Story?id=1192851&page=3
The one thing you have to know is that realtors are in the business of making money. They will give you a high figure for what you can get for your house and after you sign the contract, they will be working on you to lower the price.
You see, it is easier to sell a house a lower price. A realtor doesn't really care much if you get another 10 of 20 thousand as that would only add another $600 to $1200 to their commission, and it could take them longer to sell it. If you can make $18,000 on quick sale of a $300,000 house, that's not bad.
The value of your home will not increase because we have turf and a mall. Realtors price your house based on like homes selling within 6 months of yours and only compare your to other like it in Cheshire. Value of homes increase when the town is more desirable to live in, lower taxes, safer school systems, less crime, like Cheshire used to be. With a mall it means more of the less desirables on the town and quality of life as it relates to home values will drop.
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