I think one of the biggest misconceptions I’ve run into while covering the city council beat is that people think the city of Cedar Rapids owns the Osada low-income housing apartment building. I can’t tell you how many people think the council has something to do with the recent decision to close the building. Alliant Energy actually owns the largest stake in the property.
The City of Cedar Rapids did have a role in the project, however. The city invested about one million dollars in Osada. In addition, the city paid moving expenses for tenants who wanted to move out during the past few months. City leaders said they felt it was their responsibility to help those tenants relocate.
Now, the question is – what’s next? I’ve spoken to the person who is interested in revamping the building and converting it into condos. Fred Timko, a developer from Point Builders, has a vision for the complex. He thinks there would be plenty of people who would love to live downtown in a newly remodeled apartment.
Before he agrees to buy the property, Timko wants the council to agree to pay for improvements to the area surrounding the building. We’re talking about upgrades like new street lights and sidewalks. Timko has also asked the city to chip in about $200,000 to create a nicer park near the building, too. The total cost of these requests is about $700,000.
It’s important to note that those improvements would likely benefit the entire downtown area, not just people who would move into the new condos. Nicer streets and parks may help everyone, but those improvements come with a price tag some may find outrageous, especially when the city is facing more major budget problems.
Plus, there’s already a lot of controversy surrounding the Osada project.
People are obviously upset that Osada failed. It’s not this new developer’s fault. Some people who have e-mailed me think Timko should try to somehow “resurrect” Osada. It’s unlikely Timko or anyone else will attempt to do that. However, I think there may be some support to create a similar low-income housing project somewhere else in the city.
What would you do to help Cedar Rapids’ low-income, poor or homeless people find an affordable place to live? What do you think about the developer’s idea to convert Osada into condos? Should the city pay for improvements to the surrounding area? E-mail your answers/thoughts to me. I’ll post some of them here in an upcoming blog entry.