Texas Bank Demolishes So Cal Houses; Will Elk Grove’s Monterrey Village Succumb To Bulldozer?
In a widely circulated report, a Texas bank has decided it is cheaper to knock down 16 partially built unsold houses in Victorville, Calif. ...
https://www.elkgrovenews.net/2009/05/texas-bank-demolishes-so-cal-houses.html
In a widely circulated report, a Texas bank has decided it is cheaper to knock down 16 partially built unsold houses in Victorville, Calif.
According to the Wall Street Journal, Guaranty Bank of Austin decided it was cheaper to demolish the homes than it was to complete construction. Likewise, the bank faced stiff penalties from the City of Victorville resulting from repeated vandalism.
Closer to home, Monterrey Village in Elk Grove is home to several partially completed dwellings. Several months ago Strategic Investment Partners of Los Angeles bought 187 lots and 35 unfinished homes.
Since then there has been no new activity other than continued use of the site as a garbage dumping ground.
Will the same fate befall Monterrey Village? Given the continued use of the development as a dumping ground, we can only hope Strategic Investment tears down the dwelling before something really bad happens there.
According to the Wall Street Journal, Guaranty Bank of Austin decided it was cheaper to demolish the homes than it was to complete construction. Likewise, the bank faced stiff penalties from the City of Victorville resulting from repeated vandalism.
Closer to home, Monterrey Village in Elk Grove is home to several partially completed dwellings. Several months ago Strategic Investment Partners of Los Angeles bought 187 lots and 35 unfinished homes.
Since then there has been no new activity other than continued use of the site as a garbage dumping ground.
Will the same fate befall Monterrey Village? Given the continued use of the development as a dumping ground, we can only hope Strategic Investment tears down the dwelling before something really bad happens there.
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2 comments
Elk Grove is a close 2nd with the black and white here!
you should update your posting because the they have starting rebuilding in the community and it is not a "dumping ground". HOA takes care of the community. that one couch that is no longer there does not constitute a dumping ground
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