Rain City Real Estate Guide points us to a piece of journalism in the revenue-minded Puget Sound Business Journal. Seems the Seattle Monorail Project has assembled a fairly impressive portfolio of property at below-market prices. PSBJ ponders how the Project might divest itself of these properties should it go belly up. It's a little premature to be carving up the cadaver, we hope, so we'll chalk the pondering portion of the article up to the dollar-sign-bespotted daydreams of Seattle's business class. But the article does raise the troubling issue of homeowners in the city who purchased property near areas that were planned to be homes for the monorail's neighborhood stations. The PSBJ didn't seem that interested in those folks -- hopefully they're looking out for themselves and being active on keeping the body alive with groups like 2045Seattle.
--J
Tags: uptown, seattle, monorail
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