Re: Re-Imagining Lakewood Park as Mixed-Use Development/Marina - 2006
Posted: Thu Feb 29, 2024 8:44 pm
Consider just the cost of engineering and constructing the peninsula of the bulkheads and the infill necessary compared to the value of the real estate. This is not Dubai where pumping sand to construct and develop a peninsula for the wealth is economically feasible. Then there are approvals necessary from various jurisdiction having authority; state agencies, EPA and the Corp of Engineers.
The real obstacle will be from the adjoining lake front property owners who most certainly object, and have the means to make the city’s favorite “son” law firm guaranteed years of litigation. The area will have a significant increase in traffic through existing single family neighborhoods and secondary streets whose residents will also voice their objections. This very easily could develop into political ramifications that will change in city’s elected and appointed officials.
There are dreams and then there is reality. The engineer and economic feasibility study cost will be in the hundreds of thousands of dollars. I can understand why five minutes was all that was necessary for the city to consider the proposal. However, anything is possible with the City of Lakewood, a city of 55,000 souls, that tears down its only hospital, leaves a vacant lot that no one will develop, and calls it a success. The city government is still in denial that it was both a health care and economic disaster for Lakewood residents.
The real obstacle will be from the adjoining lake front property owners who most certainly object, and have the means to make the city’s favorite “son” law firm guaranteed years of litigation. The area will have a significant increase in traffic through existing single family neighborhoods and secondary streets whose residents will also voice their objections. This very easily could develop into political ramifications that will change in city’s elected and appointed officials.
There are dreams and then there is reality. The engineer and economic feasibility study cost will be in the hundreds of thousands of dollars. I can understand why five minutes was all that was necessary for the city to consider the proposal. However, anything is possible with the City of Lakewood, a city of 55,000 souls, that tears down its only hospital, leaves a vacant lot that no one will develop, and calls it a success. The city government is still in denial that it was both a health care and economic disaster for Lakewood residents.