L Street Parking Lot

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The City, over the last 15 years or so, has been known to do some mighty stupid things.  Some call it corruption.  The lack of free parking on Lucerne Avenue has been to the detriment of those shops. For the City and some Commissions, it's always been about the tax base and/or helping "friends." Considering that this present commission says it is "business-minded," it now wants to rid itself, once again, of valuable and even historic properties to non-profits or to the CRA, but that's another story.

Facts on the L Street Parking Lot
1. The City sold it to Les Evans, their favorite developer, in March 2005 for $575,000 and he quit claimed it to one of his companies, 601 Lucerne Inc. in August 2005.
2. LUCERNE Holdings LLC bought the property for $375,000 in December 2010. Why didn't we buy it back?
3. Market value is $73,531 FOR 1 PARCEL, the same for another and $147,148 for the third parcel.

607 Lucerne Ave--38-43-44-21-15-509-0050 - $73,531
605 Lucerne Ave--38-43-44-21-15-509-0060 - $73,531
601 Lucerne Ave--38-43-44-21-15-509-0070 - $147,148 

If you have been wondering why there is a meter back on the property--

Finance Director Steve Carr says, "The lot owner did not want to renew the lease so the lot is in private hands and the meter is their meter. There is no City involvement with this lot any more."   

 

Hey, if Lake Worth can make money off of my lot, then I can do it too, thought the owner.  I just don't think Lake Worth was making enough to cover the lease and expenses. The lot was empty again yesterday morning. However, the parking charges are more advantageous than what the City was charging.