re: FOR SALE: Corner of Bluebonnet and Jefferson

I'd like to know where/when it was posted in the paper. I can't find anything online.

The dates the public notices were published were listed earlier in this thread. The Advocate is the current paper for publishing public notices for EBR Parish.

There is nothing online in the advocate about this auction. I have searched. Check my post on one of the first few pages.

Posting again for clarity.

quote:

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It was posted in the Advocate, the New Orleans Advocate, and the Acadiana Advocate on 11/21/16, 11/28/16. and 12/5/16.

Nobody was paying attention.

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I don't see shite.

I'm not going to argue with you. I've bought and sold properties in the same manner and know what it entails. Your issue is with the states written laws, not the C-P. File a suit and get it fixed.

I'm not arguing with you at all. I'm just trying to understand the process. Obviously you understand it better than I, but it's just puzzling to see govt. putting their properties up for auction and not following the statute. There's got to be something I'm missing.

Thxs for the information.

Also, if this gets rescinded and I was the purchaser, I would let the city get their appraisal and sue them for that amount.

I'm willing to bet there's some substantial Quid Pro Quo going on with this deal.

Another update:

quote:

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The developer who got a steep discount on a piece of city-owned land at auction earlier this year also picked up another piece of property from the city at an auction several years ago for less than half its value, according to a city-parish appraisal.

Developer Radu Cosman paid for an appraisal on the 22,000-square-foot piece of land fronting Bluebonnet Boulevard in the Inniswold Estates neighborhood in 2013. That appraisal, completed by RHI Appraisals, found the property was only worth $42,000.

But the city commissioned its own appraisal on the land—which the city-parish owned—and found it was worth $255,000.

Cosman earlier that year had asked his representative on the Metro Council, Ryan Heck, to declare the land surplus and have the city sell it to him. The land is located behind Cosman’s house. The council then approved the land to be sold at auction, where Cosman outbid one other person and bought the property for $50,000.

The Metro Council unanimously approved the sale of the property in December 2013, and the deal closed the following month. The city-parish appraisal, which assumed a single office building could be developed on the property, suggests Cosman got a more than $200,000 discount on the land.

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Appraisal shows Baton Rouge sold surplus property for $200,000 less than it was worth

Agree nothing illegal was done. But had i or any other person had approached our council rep. to declare a very valuable city land as surplus and sold at auction, you know damn well that council rep. would have made damn sure the public was properly notified and given input on it. Also, the bureaucracy in trying to get the city to put a piece of land up for sale, Ryan Heck fast tracked this, because he had incentive to get his close friend and family to buy it. And Radu Cosman owns his own concrete company, he does not need Ryan Heck to provide concrete, he got Ryan in the concrete business if anything. And Bluebonnet and Jefferson is prime property. There are currently 7 to 10 new developments (residential and commercial) going up in the vicinity, including a new bank across the street. So whoever said this is the hood, obviously got their head up their arse. Houses easily sell for $200 to $800K in that neighborhood depending on the lot size and age of the house. The land is worth more on many of the lots than the houses themselves are worth (especially the older homes). Many of the old houses are bought, torn down, and then multiple houses, even small gated neighborhoods are then built on the acre or more that once stood only 1 house. Very nice area and centrally located in Baton Rouge (I-10 /I-12 Split area - quick access to the entire city within minutes from that area). It sort of like a piece of rural country in the middle of the city. You are even allowed to have farm animals, because most of the land is still zoned rural.