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A quandry with views of the water » wenBLOG

A quandry with views of the water

I’m not a real estate agent, but I’ve always been told that a property is much more valuable when it has views of the water.

Well now that Scott Wolstein with the help of unelected governmental muscle has torn down a bunch of buildings that once blocked river views for some in the Cleveland Flats, shouldn’t those remaining buildings with newly unobstructed river views be worth more?

I’ve been told that a property with a view of the water can fetch at least 20-50% more than a comparable venue without a water view. I guess that sometimes using the muscle of eminent domain is truly an economic development engine after all.

This entry was posted on Thursday, May 10th, 2007 at 12:29 pm and is filed under Northeast Ohio, Flats Eminent Domain Case. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “A quandry with views of the water”

  1. The Sound of Ideas - eminent domain update 5/16 » wenBLOG says:

    […] The properties are valuable (even more so now). And since when did it become a crime to sell your property at a profit? […]

    May 17th, 2007 at 12:56 pm

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