Mr Issler, The STRP should have been put on hold 2 years ago when the housing market collapsed. As I said before when the STRP was started everyone had equity in their home and a $20,000 City lien was not as painful as it is today. How many people in the Mackle park district do you think will opt to pay the STRP bill up front?, not many I'll bet. These are modest homes and the City will need Bonds to pay for the construction, hows the Bond market by the way? The only thing that will fix this mess is if a Cat 5 hurricane hits the island and we start over.
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marcoislandres writes:
Mr Issler,
The STRP should have been put on hold 2 years ago when the housing market collapsed. As I said before when the STRP was started everyone had equity in their home and a $20,000 City lien was not as painful as it is today.
How many people in the Mackle park district do you think will opt to pay the STRP bill up front?, not many I'll bet. These are modest homes and the City will need Bonds to pay for the construction, hows the Bond market by the way?
The only thing that will fix this mess is if a Cat 5 hurricane hits the island and we start over.
Share your thoughts
Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.