For 15 years, Art Gastelo hasn’t lived in the home he owns in Flagstaff’s Plaza Vieja neighborhood. He’s rented it for some of that time, and on several occasions, he’s tried to sell it. He’s finally found a buyer, after dropping his asking price from $150,000 to $110,000. As for profits, “I’ll be lucky if I get five grand,” Gastelo lamented. He blames his bum luck on an abandoned house next door. “I’ve had two buyers. They went through the entire process. Then they said, ‘We need to look … [Read more...] about How the Proposed PMO Could Affect Home Values
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Downtown in the Hands of Property Owners
John VanLandingham has been involved with Flagstaff's downtown for nearly two decades. The co-owner of the Old Town Shops was active during the special improvement district (SID) of the 1990s. That effort, which was paid for by a tax of property owners in the area, is credited for revitalizing downtown, helping the transformation that created a popular destination for locals and visitors. But VanLandingham worries the vibrant city hub could deteriorate without proper management. "We invite … [Read more...] about Downtown in the Hands of Property Owners