Comments on: October 29, 2009 – Daily Brief

By: Timothy Myers

Timothy Myers — Thu, 29 Oct 2009 18:11:24 +0000

Jane

From what I gleaned the properties are already in default and the noteholders would bid in the basis of their notes in a foreclosure sale anyway, so there would not be any “deals” necessarily. Plus, if it went into foreclosure it could tie up the property for years and cause other problems with redevelopment.

As far as market value, that is always a range and they are probably within the range. The untold story is that the City government has actually pepetrated a creeping condemnation of the properties their for the last ten years, which is probably what everyone wanted but it was never discussed in a transparent fashion.

0 0

By: Jane

Jane — Thu, 29 Oct 2009 18:05:34 +0000

City purchase – I read the story in The Signal and I don’t understand. It seems that rather than let properties go into foreclosure and buy them at a cheaper price, the city steps in and pays above market value – Huh? Why?

0 0

By: Timothy Myers

Timothy Myers — Thu, 29 Oct 2009 16:14:29 +0000

I appreciate the hurt that Harry Welch’s Cowboys put on the “we lose once every decade” Concord de la Salle California champtionship, but instead of being kind and say I am leaving Canyon because I have maxxed out on my Calpers pension and a few years at a parochial school could feather my retirement nest, he goes into a whole psychodrama about how Bob Messina is undermining him and the program because Messina won’t let him run the campus!

0 0

By: Need for Involved Citizenry

Need for Involved Citizenry — Thu, 29 Oct 2009 14:38:09 +0000

Jeff:

Mesinna didn’t hire the plane (the message was slamming him!). Some parent or fan must have. Read the Daily News article a bit closer!

0 0