While the City of Charlestown is partnering with a private developer to drive people out of their homes in Pleasant Ridge at far below assessed or appraised values for their homes, they are willing to inflate the value of property purchased for the Renaissance Project.
During the January 25, 2018 meeting of the Redevelopment Commission, members unanimously approved Mayor Hall’s request to approve up to $105,000 to purchase the Decker property located at 221 Market Street. This property was assessed at $57,000 and appraised at (approximately) $80,000 before remediation but the city did not request an updated appraisal prior to agreement.
Decisions like this matter when Mayor Hall’s vision includes acquiring, demolishing, and rebuilding all of the property fronting Highway 3.
Link to the official minutes of this meeting available here: Redevelopment Meeting Jan 25, 2018