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Shayne Gallo Press Release July 26, 2011
Once again, all roads lead back to the Kings Inn. I hope that as the months pass, my reasons for starting my campaign in front of the Kings Inn have become more and more clear to the community. I hope that our efforts to lead the dialogue to the center of our city have refocused this election on the critical issues that we face.
This election must be about public safety, code enforcement and holding not-for-profit organizations, government agencies and landlords who receive rental income from these organizations and agencies, accountable for services provided to those in need.
The current debate regarding the Kings Inn shows how addressing these “Quality of Life” issues will put this city on the road towards recovery. By addressing these issues, we will take the first necessary steps towards creating an active, safe and vibrant midtown corridor where our businesses can thrive and grow.
The citizens of Kingston own a valuable piece of real estate which is perfectly positioned on the main thoroughfare in the center of a potentially lucrative business district. Over the course of the last decade, the city has incurred significant expense combating the former owners of the property and we have lost significant tax revenue.
Now that we own the property, we cannot afford to simply give it away. We must take steps to sell the Kings Inn property to recoup the tax dollars that we have lost. We need to return the property to the private sector where it can once again become a viable business property that generates needed tax revenue and employment opportunities in our city.
In order to sell our valuable piece of real estate, we need to prepare a shovel ready site in an attractive, safe and well maintained neighborhood. We must create a better “Quality of Life” environment that potential developers will find attractive.
Just like a homeowner who is placing a property on the market, we have to invest capital to increase the market value of our property. Any expenses that we incur in improving the site and the surrounding neighborhood will improve the marketability of the property and will result in an increased value of our asset and an overall improvement to the business climate in midtown.
I commend the work of the Kings Inn commission for moving towards clearing the site and preparing the site for development. Nevertheless, any solicitation of interest in the property must wait until the parcel is shovel ready. Figuratively speaking, the property must be staged. There is no way to know the true value of our asset until this basic work has been done.
6 comments:
The more I read about Shayne the more I realize he gets it. All the candidtates agree that government subsidized housing is not the answer at the Kings Inn site, but Gallo goes a step further with the prepping the property issue. Who would actually start the developer search before the building is down and cleaned up? I certainly wouldnt consider it and would also wonder just how lazy the leadership was that they'd offer it in this condition.
Stupid Council.
Where is he going to get the money to do all this work? From the stupid grant writer or council?
The Departments are mismanaged. Duplication of services or ignoring the early symptoms of a problem situation keep the city chasing it's tail. Wasting precious time and money.
Step back and look at all the options and you have a better chance of a solution.
Shayne actually comes from a frame of mind that deals with the social and economic contributors to the crisis we are in, all the while highlighting fresh economic ideas for our most stressed neighborhoods.
Lets see what else comes from the Gallo campaign.
Shayne's fundraiser at Mariner's was well attended with just over 100 guests. Not quite the 217 from last time, but hey...it was at the same location only a month later.
Still some great people showed up and pledged some volunteer time.
Wait until you hear what we're planning next!
Stupid council which is predominately Democrats.... All money cometh from above.. Albany, that is. When you want a project go get funds/grants is the refrain. Has any body been listening to albany. There is no readily available funds anytime soon. We are on our own ,guys. And who is on the Kings' Inn project? Mostly Democrats. So what do you think? Do we need a change at City Hall?
I will not vote for anyone who is currently serving in office regardless of what office they are now running for. End of story.
This council is just as loony as the fools in Albany and DC. Show me someone who hasn't been in office and I'll consider my support.
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