Fifteen million dollars of the bond issue will pay for tearing down most of the city buildings on South Charlotte Street and moving those operations and building new city buildings somewhere else. That is so that land can be made available to developers as an incentive to build “affordable” housing. In the past, that has been [that] a certain percentage of the apartments have lower rents — but only for a few years — and then back to the “market” rent.
I want to know what actual long benefits our citizens get for that $15 million. For example, what were the terms of the last contract the city signed to provide for “affordable” housing, and are we letting our citizens down and creating long-term debt to mainly enrich the Charlotte and Raleigh developers? I believe responsible, transparent government should provide these answers before we all have to ask.
People should know this before voting. We should strive for real, long-term benefits to our citizens rather than just letting the catchword “affordable” create a massive debt with possibly little return.
— Stephen Schulte