COMMENT 332787
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2012-10-18 10:09 AM |
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Sad, Ugo was a great guy and ran his company with integrity. His son, not so much.
Living large while not paying your subs, shame on you.
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COMMENT 332792
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2012-10-18 10:11 AM |
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What was bankrupt was the city's inclusionary housing ordinance mandates that screwed up free enterprise for the city's housing market. Buyers don't want to touch these mandated "affordable" inclusionary projects with a 10 foot pole - Paseo Chapala and Chapala One have become one huge albatross dumped now on the housing market, accomplishing nothing and leaving a wake of destruction behind. Way to go prior progressive city's councils who wanted to social engineer our city to death. They came pretty darn close. Repeal the ill-advised inclusionary housing ordinance and get the heck out of the private housing market, city council. You did enough damage to last us a long, long time.
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COMMENT 332879
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2012-10-18 12:58 PM |
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Have ANY of the condos in Chapala One been sold yet?
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COMMENT 332792
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2012-10-18 01:35 PM |
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Chapala One had zero sales, but rumor is that it has found a new buyer who is going to "reconfigure" it - the floor plans were truly bizarre in the regular units and the mandated affordable ones look out directly on the soup kitchen lines of the homeless shelter next door. Nice neighborhood for $3 million condos and downstairs retail, eh? Allegedly a Singapore hotel chain wanted to buy it which would have made sense, but the city's inclusionary affordable housing mandate prevented these units from being sold for anything other than "affordable" housing in perpetuity. One more disaster foisted on the public by the former city council social engineering crowd.
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COMMENT 332904
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2012-10-18 01:38 PM |
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I think Chapala One is a great example of how going outside a neighborhood's feel and look area always a bad idea. I mean, that and the fact that it was built in such a totally bizarre way that I knew it wouldn't ever sell. This is an example of a waste of development that should have NEVER been approved in the first place.
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COMMENT 332909
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2012-10-18 01:44 PM |
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How many different ways can you say city council social engineering or inclusionary affordable housing mandate? I bet there's more than one!
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COMMENT 332911
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2012-10-18 01:45 PM |
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Chapala one was Levy?
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COMMENT 332953P
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2012-10-18 03:04 PM |
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Chapala One was not the only issue with Melchiori. That company has been doomed to fail since Mark took it over. Sad situation but at least the subs in town will not have to sign on to jobs with them anymore and have to place stops in order to get paid because Mark can't manage the business and pay the subs. Glad to see them go, sad to see they get out of having to pay all of the subs and banks they used on their way out. Quite a coincidence that Mark got a divorce and his wife got the lion's share of their possessions right before he files for bankruptcy. Look for a miraculous reconcilliation once he is no longer financially liable for anything related to Melchiori or his investment business.
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COMMENT 333027
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2012-10-18 04:56 PM |
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Screwed a lot of people on his way down
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COMMENT 332792
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2012-10-18 06:13 PM |
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There is the Fraudulent Transfer Act that might come into play that can snatch things back into a bankruptcy estate ... when did he know, and what did he do after he knew things were going bad.
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COMMENT 333071P
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2012-10-18 07:26 PM |
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We can all thank Marty Blum, Das Williams, Helene Schneider and their socialist buddies for these disasters on Chapala Street. We will be living with the consequences of their failed policies for many years to come.
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COMMENT 333121
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2012-10-19 06:46 AM |
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I think Mark and Heather got what they deserved. They always wanted to be in the spotlight and be popular. Karma.
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COMMENT 333145
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2012-10-19 08:13 AM |
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I used to see that name on trucks in my neighborhood. Now they are just white trucks. Hmm... They drive really fast in our neighborhood. Did they have their hand in the Courthouse fountain? Who did that. Is it finished? What's up with the line right at eye level. Couldn't someone have done a better job of that? AND maybe preserve the grass a little better?
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COMMENT 333357P
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2012-10-19 02:44 PM |
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Did Melchiori ever collect their judgment from Chapala One? http://www.independent.com/news/2011/may/12/melchiori-wins-58-million-chapala-one-fraud-case/
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COMMENT 333357P
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2012-10-19 02:53 PM |
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Probably not, as the last 2 paragraphs of this news article are pretty negative:
http://www.pacbiztimes.com/2011/11/11/talk-toughens-in-melchiori-subcontractor-dispute/ I'm still curious.
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COMMENT 332792
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2012-10-19 04:24 PM |
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Add Brian Barnwell, Roger Horton, Iya Falcone and Grant House to the housing socialists along with Blum, Schneider and Williams when they ran the city not all that long ago - unfettered and unopposed. Along with the unelected progressive bully Micky Flacks and her SB4ALL group. May that sort of progressive dominance never take over our city again. We are paying a huge price and they all just walked away - Schneider is the only one left holding the bag. City council elections matter. Keep of the political diversity of city council membership so we don't go down that road again. We can't afford it and now we can't even clean up the messes they left behind. A sorry chapter in our city's history.
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COMMENT 332904
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2012-10-19 04:25 PM |
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People who use the word socialist to describe everything they don't like....that word doesn't mean what you think it means.
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COMMENT 332792
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2012-10-19 08:50 PM |
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Should have used the word "subsidized" housing or government "price-fixed housing" instead. Yup, that is something entirely different from socialized housing. Or we could fall back on socially-engineered housing.
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