Deplorable Yankee
Diamond Member
They have insurance you racists
One day after rioters destroyed the Sports Dome retail complex in St. Paul, a construction crew hired by the city knocked the building down because it was dangerously unstable.
Then the city presented the property owners with a $140,000 bill for what it would cost to haul away the debris.
“We were really upset about that,” said property owner Jay Kim, whose insurance policy covers a maximum of $25,000 in demolition costs…
Like dozens of other investors whose properties were severely damaged in the May riots, the Kim family was stunned to discover that the money it would collect from its insurance company for demolition won’t come close to the actual costs of doing the job. Most policies limit reimbursement to $25,000 to $50,000, but contractors have been submitting bids of $200,000 to $300,000. In many cases, the price of the work is not much lower than the actual value of the property, records show.
In other words, those places are totaled. Those neighborhoods are dead. All those burned-out buildings will just stay the way they are, for who knows how long. All those jobs are gone and they’re not coming back. Nobody’s going to wave a magic wand and bring back what was destroyed by these lawless rioters.
Read it all
I did kinda smile when the one who got the right price on demo and every nickle from the insurance company's was the rich White Guy ..
I capitalized White Guy cause its a thought crime
privileged !
Systemic waycism !
Is it really ?of course not..... hes done a lot of biz in the area ...spends a shitload on construction and insurance ....so of course people and corps are gonna make sure he's happy with thier service's
.....f the peasantry
Eviscerate the proletariat!
One day after rioters destroyed the Sports Dome retail complex in St. Paul, a construction crew hired by the city knocked the building down because it was dangerously unstable.
Then the city presented the property owners with a $140,000 bill for what it would cost to haul away the debris.
“We were really upset about that,” said property owner Jay Kim, whose insurance policy covers a maximum of $25,000 in demolition costs…
Like dozens of other investors whose properties were severely damaged in the May riots, the Kim family was stunned to discover that the money it would collect from its insurance company for demolition won’t come close to the actual costs of doing the job. Most policies limit reimbursement to $25,000 to $50,000, but contractors have been submitting bids of $200,000 to $300,000. In many cases, the price of the work is not much lower than the actual value of the property, records show.
In other words, those places are totaled. Those neighborhoods are dead. All those burned-out buildings will just stay the way they are, for who knows how long. All those jobs are gone and they’re not coming back. Nobody’s going to wave a magic wand and bring back what was destroyed by these lawless rioters.
Read it all
Skyrocketing demolition costs for riot-damaged Minneapolis, St. Paul properties delay rebuilding
Contractors acknowledge that prices for riot-related work are far higher than usual, but they said that is because government regulations require them to treat all debris from a burned-out building as hazardous.
www.startribune.com
I did kinda smile when the one who got the right price on demo and every nickle from the insurance company's was the rich White Guy ..
I capitalized White Guy cause its a thought crime
privileged !
Systemic waycism !
Is it really ?of course not..... hes done a lot of biz in the area ...spends a shitload on construction and insurance ....so of course people and corps are gonna make sure he's happy with thier service's
.....f the peasantry
Eviscerate the proletariat!