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Ryan Martinez's avatar

Ugh to Bent and Rusty having any thoughts… and the more I see the Coal Creek owners interact with public I am not a fan. The gofundme they had going seems a little disingenuous now…

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Donal O'Toole's avatar

Jeff,

Thank you for covering the issue. It will be an interesting vote tonight.

You do not quote what I thought was a significant comment. Stencil, the developer, was asked whether tenants would be mostly students/young professionals. His answer was based on the company’s experience with its Northfield MN development. The company anticipated that tenants would be mostly young professional keen to live in a downtown area. In the event, 65 – 70% of the tenants were baby boomers. He thought that would be the case here. Northfield is a college town, like Laramie. The development is similar in scale to the one in Laramie (88 apartments here versus 79 units in Northfield). It is an upper-end development, with granite countertops, stainless steel appliances, washer/dryer, and a trash chute in each apartment. It does not seem well aligned to where one of the Laramie’s big needs are: among twenty-somethings and above who have trouble finding affordable housing. If there is competition for apartments between young professionals and baby-boomers, I think I know who will win out.

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