04/20/2020
Missoula buying the Sleepy Inn is a TERRIBLE idea... Change My Mind!
Email the city council: [email protected]
Make your voice heard by dialing into the city council meeting tomorrow at 7:00 PM using one of these numbers:
1 (253) 215-8782
1 (267) 831-0333
1 (301) 715-8592
ID: 960 049 3694
Here is the link on how to access the meeting and how to participate in other ways:
https://pub-missoula.escribemeetings.com/FileStream.ashx?DocumentId=33890
Please share so folks can make their voices heard.
My top 20 reasons why the council needs to vote this down:
20. Look at the past several projects the city has done and ask yourself if ANY of them turned out the way they thought or said they would. (Mountain water legal bills thought to be $400k today are over $16 million, Allegiance Park, Broadway Island, the bridge over reserve street... you get the picture) we know this will cost well over $1.1 Million in the end.
19. FEMA will not reimburse ANY of the purchase price of the hotel only expenses to operate it.
18. This will take $13k off the tax roles annually.
17. There are numerous reports of methamphetamine usage/contamination. There is almost guaranteed to be asbestos contamination. Both incredibly expensive to remediate.
16. The city can’t even manage its own business (police, fire, roads) we don’t need to purchase a hotel.
15. CO-VID cases are under 40 (updated) in all of Missoula
14. The hospitals occupancy rates are very low right now there’s plenty of room in those. We could also lease rooms as needed like almost every other major city in NEED of the space.
13. Not one person has showed we need the space. (Very low number of cases, tons of room in the hospitals, ability to lease hotel rooms if needed as the majority of hotels are empty)
12. The city has wanted to buy this property for years and CO-VID is merely the crisis they are trying to take advantage of to make it happen.
11. This is using TIF dollars which by state law is supposed to be used to eliminate blight, not buy it.
10. The buy sell was signed on March 10th long before the public knew about it. (Contingent on council approval)
9. The building will have to be torn down costing an additional $125k-300k before it can be safely used by our homeless community.
8. The going land price is $22/ Sq foot for that area and we are buying it as an eventual tear down. The city is paying $44/sq ft. BEFORE demolition costs.
7. Hotels in NW Montana sell for roughly 2.8-3.1 times their GROSS revenue. (Sleepy Inn’s last known revenue was $240,000 in 2013). And then capital improvements are subtracted from that. (The inspection reports are atrocious)
6. Hotels right now are empty and will be experiencing historical revenue drops because of CO-VID this makes them cheaper, not more expensive.
5. The hotel was for sale 3 years ago for $675,000 and went unsold. Now the taxpayers are expected to pay nearly double that. (If we were getting such a good deal someone would buy it out from under us)
4. The city has not made available tax returns nor income statements of the property.
3. There is NO appraisal on the property. Would you ever buy a home or business without an appraisal?
2. The ONGOING and future costs of this purchase are unknown to the taxpayer but this purchase blindly obligates them to pay for it.
1. This does not help our struggling homeless community, despite “sounding good” for future political campaigns.
Share if you agree.
