Members of the group referred to as Save the Coronary heart of Reid Park argued the associated fee is skewed as a result of the inexperienced house is taken into account free.
“That is given no weight in any respect as a result of there’s no price ticket on it,” stated Michael McCrory, president of the close by San Clemente Neighborhood Affiliation.
What he means, in fact, is that acreage was given no greenback worth within the metropolis’s evaluation. So dropping as much as 4.5 acres of inexperienced and open house seems to value solely what design and development of the growth prices, not what the misplaced park prices the general public.
Now, it’s exhausting to place a greenback determine on the worth of these acres, when their worth is so intangible — the enjoyment of operating round, taking part in a recreation, flying a kite, laying within the grass, respiratory the air. However I requested an skilled Tucson appraiser what a attainable market worth could be.
Steven Cole, proprietor of Southwest Appraisal Associates, described two current value determinations he carried out of comparatively comparable open house in Tucson. They had been close to roads, platted and with utility entry, so simpler to develop than this Reid Park parcel could be. He valued them at $6 to $9 per sq. foot.
This Reid Park parcel would solely be developable for residential use, he deduced, and with the shortage of platting and entry to utilities, it will most likely fall beneath the worth of the earlier value determinations he made. That would put it within the $3.50 to $5 per sq. foot vary, he estimated, although he in fact has not carried out an appraisal.