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Ballantyne wants to keep out mixed-income housing. Thoughts?

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Posted

if there's intrinsic value in the land.

ay, there's the rub

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Posted

What difference does it make? The point is that there are expensive houses very close to pooty houses and those pooty houses don't crush the value of the better ones - if there's intrinsic value in the land.

My only point is that the people proposed to live in this community couldn't even afford to purchase the foreclosed home that you mention is in such close proximity to the higher value home u mention. BTW, a foreclosure short sell price is HARDLY a credible example of a loe income housing working near to a high value area. It's a foreclosure for a reason!

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Posted

I'm not sure what that's supposed to mean. You kind of made the point that affordability isn't the issue, it's actually getting a bank to give them a loan for that small amount. Even still, the houses I mentioned are in a BAD neighborhood, yet somehow people making even less are going to be worse? I'm just not following the logic there.

And some of those nice houses are foreclosures too. A foreclosure doesn't automatically mean someone is poor or a degenerate. With the crashing of the housing market it was the smart thing to do for some people.

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Posted

Let's face it, Ty, some people simply do NOT belong.

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Posted

Apperently Ballantyne has to allow below-market housing as part of it's rezoning agreement which was ratified in 1991.

The essence of the deal was that Ballantyne would receive tax-funded roads (keep in mind, nobody lived there at the time so it wasn't Ballantyne tax money) in exchange for allowing below-market housing.

The city is officially divided into districts (and further into little known NSAs), each district -- with the glaring exception of one -- has below-market housing.

Ballantyne isn't exclusive, it's not special, it's not gated. It's as much a part of Charlotte as Eastland, Myers Park, Grier Heights, University City, or Belmont.

Time to pay the Piper.

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Posted

Apperently Ballantyne has to allow below-market housing as part of it's rezoning agreement which was ratified in 1991.

The rezoning has to do with where the parcel is. Just because below market housing was ratified in 1991, you can't build it on land denoted for commercial use without rezoning the land.

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Posted

Time to pay the Piper.

Freudenschade

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Posted

piper glen?

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Posted

OMGZ!! THEYZ BREACHED BLAKENEY!!!

ClimbingFence.jpg

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Posted

Freudenschade

Edelweiss, edelweiss....

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Posted

I remember when the planning for Ballantyne originally. I actually bought a house in a development off of what was then Providence Rd West (now Ballantyne Commons Parkway). There was only 3 developments anywhere near there - Williamsburg, Colony Woods and Provincetowne (they are all still there) and I lived in one of them. The closest shopping was Carmel Commons. We had a Matthews address because no one had claimed us yet. Later it changed to Charlotte. We were so far out that it was a year before cable came out there. Nobody came out there.

We were told a lot about I-485 and the planned Ballantyne development when we bought - it was a great selling point. Let's see, I think this was in 1985 when we bought. And yes, Ballantyne was planned to be a development that had all price points - or that's what they said. My husband and I always knew that we'd end up with another house one day, and we actually waited for Ballantyne. I mentioned earlier in the thread that we were invited to the groundbreaking and went on tours and parties for this new property. The first homes were nowhere near affordable for us - and we actually had a pretty decent budget, so that's why we ended up elsewhere.

But anyway, yes, this development was touted as being a mixed use development for a low price point, middle price points, and high price points. That's not what happened.

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Posted

Once met a girl on a date in Ballantyne. Everything was going great until a ***** walked by. I immediately placed myself between my date and the obvious intruder, and the cops came minutes later, but it was a scary moment for both of us, let me tell you.

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