According to a recent report by USA TODAY, the La Quinta Inn in West Palm Beach, Florida, could be converted into temporary housing for the homeless. The 114-room hotel, located near Century Village, has been appraised by a private firm at $13 million. However, the county property appraiser estimates the market value to be significantly lower, at $7. 5 million, which is a common discrepancy between private appraisals and county valuations.
Residents of Century Village are expressing concerns about the potential effects of the conversion, and scores of them have sent emails to county commissioners opposing the purchase. However, Isami Ayala-Collazo, the director of the county's Facilities Development division... views the purchase as a "rare opportunity" for the county to address homelessness.
Ayala-Collazo emphasized that the hotel would be part of an overall county plan to combat homelessness, and that the window to purchase the hotel is closing fast. The hotel owner, Rore Asset 5981 LLC of Jacksonville, held an auction for the site from September 23 to 25, but the results of that auction are unknown.
If the hotel is not already sold, Ayala-Collazo is authorized to bring back a deal for the commission to consider. Commissioner Maria Marino noted that the county would wind up with a per-unit price of about $150,000, "stating.".. "There is nothing available for this price... And these rooms would be available very quickly.
This is a good use of our money." (USA TODAY) The debate surrounding the potential conversion of the La Quinta Inn into temporary housing for the homeless is ongoing, "with residents and officials weighing the pros and cons of the proposal." The issue is likely to be a topic of discussion in the coming weeks as county commissioners consider the deal.
WEST PALM BEACH — The 114-room La Quinta Inn near Century Village could soon be converted into temporary housing for the homeless. County officials say appraisals from the firm they hired came in at $13 million, but the county property appraiser estimates the market value to be significantly lower — at $7.5 million. Generally, the county property appraiser values are lower than private appraisals.
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