Bryant contends that opposition to exorbitant interest rates is scripturally based.

Bryant contends that opposition to exorbitant interest rates is scripturally based.

Another concept should be to ask urban centers to impose restrictions, to be a city commissioner in Portland presently has proposed.

But visit this website here, numerous advocates are putting their energy behind a proposed ballot measure, Initiative No. 135, that may cap rates of interest and origination fees at 36 percent yearly interest, and expand the home loan payback time to 31 times from 15.

Treasure Island redevelopment concept gets blended views

Treasure Island redevelopment concept gets blended views

TREASURE ISLAND — Initial plans being floated for a resort hotel, condos and marina at John’s Pass are garnering some opposition.

Conceptual plans to construct a 14-story and a 10-story building on a lot more than 10 acres of waterfront property has drawn the ire of Key Capri Condo owner Shelley Eckert, who lives right beside the house.

City Commissioner Phil Collins, whoever region includes John’s Pass, said he would not help heights that are building five tales. Anything greater might be authorized only through a voter referendum, based on development laws.

Greenleaf Capital, the real-estate supply of HCI Holdings, is considering intends to develop its home at John’s Pass, including 8.4 acres from the eastern part associated with the bridge and 2.2 acres in the west side along side a few less-than-an-acre parcels.

The designers have actually called it a “marquee home” that will definitely cost between $100 million and $150 million to create. They will have a group of designers focusing on ideas and possess been going to town meetings to learn more about new zoning laws being considered.

A agent of Greenleaf could never be reached for remark, but Collins stated business representatives had met with town commissioners independently presenting some development some ideas.

“they will have a model showing just just what it might seem like,” he stated. “But every thing they talked about is conceptual. You’ll find nothing on paper and nothing’s been approved or submitted.”

Eckert said buildings being considered would block some residents’ views and expanding the marina that is existing frighten down lots of dolphins that now congregate in the region.

“I’m attempting to find down every bit of data I am able to,” she stated.

Eckert said she actually is afraid that when Greenleaf keeps plans for the taller buildings and there’s a referendum, voters various other components of Treasure Island might accept it since it isn’t within their yard.