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So to get this straight...
Seattle decides to take down the viaduct and build a big-ass tunnel. As part of the construction, they'll temporarily lose some parking spots (which, according to my basic understanding of economics, would make existing parking spaces more valuable). Enter 103-y/o Myrtle Woldson, who owns some waterfront property that she's actually using for parking stalls already. City wanted to buy it from her, and she said no. They then said that if she doesn't sell, they'll pass a law condemning and then seizing her property. She has started to negotiate.
http://www.bizjournals.com/seattle/news/2013/10/15/seattle-still-playing-hardball-with.html
Seattle decides to take down the viaduct and build a big-ass tunnel. As part of the construction, they'll temporarily lose some parking spots (which, according to my basic understanding of economics, would make existing parking spaces more valuable). Enter 103-y/o Myrtle Woldson, who owns some waterfront property that she's actually using for parking stalls already. City wanted to buy it from her, and she said no. They then said that if she doesn't sell, they'll pass a law condemning and then seizing her property. She has started to negotiate.
http://www.bizjournals.com/seattle/news/2013/10/15/seattle-still-playing-hardball-with.html
Seattle officials want to use Myrtle Woldson’s property at 1101 Western Ave. to help make up for the loss of 500 stalls of short-term, on-street parking. Those stalls will go away when construction of the new seawall and waterfront promenade swings into high gear. Officials fear the loss of such a large number of relatively affordable public parking spots will hurt waterfront businesses.
Nineteen years ago, (103-year-old) Woldson bought the Seattle property for $2.75 million, according to public records. It is one of the last redevelopment sites on the waterfront, and city officials have said they ultimately would like to see housing, retail and parking developed on the site.
But now Seattle council members want the property just for parking, and are considering a bill that would authorize city staff members to force Woldson to sell.
Even after learning that Woldson is willing to talk to the city, the council on Monday gave preliminary approval to a plan to possibly condemn the property. The council’s final vote on the bill is scheduled for Oct. 21.
Councilmember Jean Godden, chair of the council’s waterfront committee, added she was “very, very pleased to hear the negotiations have at least begun.”
But the city isn’t backing down from its condemnation threat.
