Lincoln Official Unhappy With Costly Home Purchase

By: Associated Press Email
By: Associated Press Email

A Lincoln City Council member is unhappy with how the city handles real estate transactions, calling it a "buy high, sell low" approach.

Councilman Jon Camp is especially unhappy with the purchase of an abandoned, fire-damaged house last spring.

The city paid $49,500 for the house, then another $7,000 to demolish the structure.

The council approved selling the house last week to the Lincoln Housing authority for $25,000. High school students will build a house on the lot.

Camp says taxpayers with the extra cost, but Urban Development Director David Landis says the transaction will help the neighborhood by replacing an eyesore.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WOWT NBC Omaha 3501 Farnam Street Omaha, NE 68131 (402) 346-6666
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 191728321 -
Gray Television, Inc.