Wednesday, August 1, 2012

Sale of Prospect

On another post Anonymous wrote:

New topic: Does anyone know about the selling off of Prospect Middle School in Mount Washington? It is the second building in that area to be sold. Boggs Avenue Elementary was the first. And the word on the street is that both were sold on the cheap to the same contractor.




10 comments:

Anonymous said...

Correction from my first post: South Hills High School was the first to be sold in that area.

Anonymous said...

Sorry for the second revision of my post, but i want to be clear with my original inquiry. South Hills sold first. Boggs second and Prospect third. The sale of South Hills is not in question. It is the current sales of the last two that have people talking on the Mount. They seem to follow the pattern of PPS sales not generating bigger revenues.

Mark Rauterkus said...

The sale is to the firm, something like, Fourth River. That is the company that just had one of its founders die in a tragic bike crash in the DC area. The funeral is at PNC Park on Saturday.

The Mt. Washington CDC has some insight on the project.

Anonymous said...

The Mount Washington CDC purchased Boggs from PPS and then turned around and sold it to a contractor for substantially more money. Why didn't PPS get the maximum sales price? Did this happen again with Prospect? Is this a case of PPS not knowing how to manage its' properties? I will be watching WPXI's 5 o'clock news this evening with great interest. They have been televising commercials of an investigative report they have done on PPS and the leasing of properties owned by them.

Anonymous said...

Anon 8/6 10:16

These are good questions to which I'd like to know the answers. Unfortunately, I missed the investigative report on Channel 11 news. From what I understand though from others, the report was soft. I hope that Rick doesn't stop there!

PPS is so mismanaged. Either the board members are dufusses, sharks, or a little of both. They are definitely lazy. They rather accept simple answers from Weiss, Lane, and her girls than ask the tough questions. Here is some advice to the board members: Look beyond the 'presentation,' and have intensive discussions before voting on it. Public hearings should be held before votes because it is 'public money and public property.' This land lease appears shady simply because it was handled behind closed doors.

Here's a question to the school board, did you know that you could get 'rent' money in a lease agreement? Over 25 years, that could be a significant amount of money, and perhaps, a custodian's job or secretary's or.... or books, or art supplies, or....

It is scary that Teresa doesn't understand the ins and outs of a lease which is a simple contract. Imagine the more complex contracts that are slide under her nose.

Wake Up Voters and Taxpayers! You are being ripped off while a few are benefitting!!!!!!

Again, I too would like to know more about the sale of these properties on the Mount. My property taxes have doubled to support the financing for these investors and developers? What kind of tax breaks are these guys getting while I pay their construction mortgages, and then they reap the benefits/profits? How can I get a piece of the deal? Why weren't the sales made public?

It is bad enough that my property taxes have doubled to support a failing district.

Anonymous said...

Questioner,

I don't see my post to Anon 8/6 10:15.

Questioner said...

When did you send it? Please resend.

Anonymous said...

It was around noon today that I posted to Anon.

Questioner said...

No noon posts found.

Questioner said...

No noon posts found.