Comments on: New condo conversion ordinance http://elginite.org/blog/2006/04/13/new-condo-conversion-ordinance/ Fri, 18 May 2012 11:50:57 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Anonymous http://elginite.org/blog/2006/04/13/new-condo-conversion-ordinance/#comment-68 Anonymous Fri, 14 Apr 2006 16:31:00 +0000 http://elginite.org/blog/?p=215#comment-68 I can't believe this. Now the city wants to stop a development that would offer affordable housing opportunities. Instead they would rather run the conversion company in the ground because of sprinkler systems? In Schaumburg and Arlington Heights, there were many legitimate conversion projects that didn't have sprinkler systems, which kept the costs down in order to attract people starting out, thus affording them the opportunity to build equity with their new real estate purchase. That, according to Schock, invites a potential problem? Who is this man? Is he for development for all people, or just what he deems appropriate to the grand master plan, which forces the Elgin taxpayer to pay more and more in subsidies? You can't have it both ways. What Elgin leaders need to do is get out of the way and promote opportunities when they become available. I can’t believe this. Now the city wants to stop a development that would offer affordable housing opportunities. Instead they would rather run the conversion company in the ground because of sprinkler systems? In Schaumburg and Arlington Heights, there were many legitimate conversion projects that didn’t have sprinkler systems, which kept the costs down in order to attract people starting out, thus affording them the opportunity to build equity with their new real estate purchase.

That, according to Schock, invites a potential problem? Who is this man? Is he for development for all people, or just what he deems appropriate to the grand master plan, which forces the Elgin taxpayer to pay more and more in subsidies? You can’t have it both ways.

What Elgin leaders need to do is get out of the way and promote opportunities when they become available.

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