{"id":3695,"date":"2009-04-01T01:14:43","date_gmt":"2009-04-01T05:14:43","guid":{"rendered":"https:\/\/www.aroundfortwayne.com\/news\/?p=3695"},"modified":"2020-12-03T11:44:52","modified_gmt":"2020-12-03T16:44:52","slug":"fairmount-place-and-casino","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2009\/04\/01\/fairmount-place-and-casino\/","title":{"rendered":"Fairmount Place and Casino"},"content":{"rendered":"

\"\"<\/p>\n

Journal Gazette Editorial Writer Tracey Warner wrote a follow-up to his story in yesterday’s paper<\/span> about Fairmount Place last month.<\/p>\n

On March 15<\/a>, I reported how the city sold land it acquired as part of a $350,000 project to buy and raze homes along Fairmount Place. The city received just $8,800 for the properties. Five years after the sale, the buyer turned around and sold the land for $525,000 to the operators of Charis House.<\/p>\n

<\/p>\n

City officials had trouble locating a record of the 2002 sale by the city to buyer Dyle Hughes but has since dug up – from long-term storage – appraisals of the property at the time. One appraiser valued the land at $5,490; the second at $12,000, for an average of $8,745, hence the sales price of $8,800.<\/p>\n

When appraised, the land was most likely shown to still be in a flood plain, though a city levee project removed it from the 100-year flood plain. That removal later raised the value of the property.<\/p>\n

Tuck Hopkins, chairman of the Rescue Mission board that oversees Charis House, revealed in a column published Monday that the property was appraised at $430,000 when the board purchased it.<\/p><\/blockquote>\n

So, the property was removed from the 100-year flood plain and increased in value by $422,000? \u00c2\u00a0Wow, that’s some return on the initial investment. \u00c2\u00a0I’d like to see that appraisal, not to mention the fact that they paid $525,000 for the property which was orginally given a $700,000 price tag. \u00c2\u00a0It still boggles the mind!<\/p>\n

 <\/p>\n

\u00c2\u00a0<\/p>\n

\"Clipart<\/p>\n

Warner also writes about the Casino issue:<\/p>\n

[…] An organized effort is already in gear to oppose a Fort Wayne casino. One of the leading anti-casino voices is John Popp, a major contributor to some Republican candidates. A number of pastors have joined the effort.<\/p>\n

On the other side – well, who is on the other side? If there is an organized effort, it is underground.<\/p>\n

Mayor Tom Henry hints that he thinks the advantages of a casino outweigh the potential problems. But, well aware of the ongoing criticism stemming from Harrison Square, he wants a referendum. That doesn’t seem to be enough for the legislators, though, who are waiting for a strong voice to emerge from the city clearly backing a casino.<\/p>\n

Without that voice, the casino is dead in the water, at least for this session.<\/p><\/blockquote>\n

 <\/p>\n

Related Images:<\/h3>
\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t<\/div>","protected":false},"excerpt":{"rendered":"

Journal Gazette Editorial Writer Tracey Warner wrote a follow-up to his story in yesterday’s paper about Fairmount Place last month. On March 15, I reported how the city sold land it acquired as part of a $350,000 project to buy and raze homes along Fairmount Place. The city received just $8,800 for the properties. Five […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[227,1087,9],"tags":[742,1004,997,98,743,744,1197,1005,1089],"class_list":["post-3695","post","type-post","status-publish","format-standard","hentry","category-flood","category-gaming","category-miscellaneous","tag-casino","tag-charis-house","tag-fairmount-place","tag-fort-wayne-mayor-tom-henry","tag-gambling","tag-gaming","tag-john-popp","tag-the-rescue-mission","tag-tuck-hopkins"],"yoast_head":"\nFairmount Place and Casino - AroundFortWayne<\/title>\n<meta name=\"description\" content=\"Journal Gazette Editorial Writer Tracey Warner wrote a follow-up to his story in yesterday's paper about Fairmount Place last month. 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