What's next for Agapion's Cedar Street property?
By now, you've probably seen my story about City Council rejecting the purchase of landlord Bill Agapion's land at the corner of Cedar Street and Friendly Avenue.
So what will become of the property? Agapion is "keeping all options open," said Bill Aycock, the owner of Aycock Realty who's been representing Agapion on the potential deal with the city. Aycock said Wednesday that some private investors have already expressed interest in buying the land.
After Tuesday's vote, Aycock considers negotiations between Agapion and the city to be "a dead issue."
Comments (2)
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Now who solves the problem? You just can't leave it alone and expect Cedar Street to reach its full potential. Someone needs to step up--and the City will end up writing a check and/or contributing land. It is easy to tell Bill Agapion to take a hike---so we pass on a $20 million redevelopment project that would
jump start an entire area with very little City funding. That would not happen in Charlotte or Greenville. How do you create high paying jobs and tax base? You clean up the mess. By the way, tax base pays for affordable housing so we better start creating some of both.
Posted on December 22, 2005 7:38 AM
Tell how project homestead would do it with your backing.
Posted on December 25, 2005 3:32 PM