Quote:
Originally Posted by Woodsy
This is not "other cities of the world"... this is Laconia. There is a great need for apartment space. There isn't a huge need for yet even more expensive condominium space. There is also an obviously much lower financial burden to rent an apartment. Everything should not be about the developer! The City should have a balanced approach to development, that seem to have forgotten. If they approve this monstrosity for 5 floors, I hope they make the developer pay for a new ladder truck for the Weirs!
Woodsy
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You seem to miss the point. If all the units are sold as Condos, and the owner chooses instead to lease it as an apartment... the same result happens.
Lots of condos in the area are actually rentals.
The owner of the condo could not afford to purchase the entire building, and the developer may want to sell part of it to someone else... the condo option is the easiest method to do so.
The City of Laconia is not worried about middle class housing... if so Legacy would be in the initial construction stages as we speak.