Corey Rader bought this house at 1231 Ewing St. for $17,000 and renovated it, making its assessed value $60,000. The city bought it for $105,000 to tear it down for the Harrison Square project. Dean Musser Jr./The Journal Gazette
Corey Rader bought this house at 1231 Ewing St. for $17,000 and renovated it, making its assessed value $60,000. The city bought it for $105,000 to tear it down for the Harrison Square project. Dean Musser Jr./The Journal Gazette
By Dan Stockman, The Journal Gazette

Divining the true value of real estate is often stymied by one inalienable truth: Every parcel - no matter its condition, size or location - is worth what a willing buyer will pay for it and a willing seller will accept.

When tax dollars are used to make such a purchase, however, even the merely curious become participants in the deal. If the city you live in paid too much, you paid too much.

And when the property in question is one of the most contentious public projects in recent memory, every cent is up for scrutiny.
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