How about building our new city hall for free?
How about building our new city hall for
free?Hard to fathom, but yes an option that should be considered
Fact – our new city hall will cost approximately $8 million plus $3 million- $4 million for the meeting rooms that the community wants. A total cost of $11 million– $12 million.
Fact – the property where the current city hall is today has a resale value of anywhere from $7 million - $12 million.
Fact – the public works property has little to no resale value because it is designated in a floodplain
What if we turned lemons into lemonade?
What if we were able to get FEMA to re-designate the public works property to a buildable site? Poof – instantly we find a $12 million asset!
And the floodplain designation, itself, is old news. This site has not been reassessed since SC Edison spent $122 million on flood control. Time to take a fresh look at this sight. Lots of hurdles but well worth the investment of time and a small amount of funds.
Our city can not afford a $12 million new city hall. But we could build one for free!
Next steps – the Del Mar City Council needs to add this option to the list for the community to consider.