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Marietta may re-gift house given to city by Wells Fargo

January 16, 2014

To rehab or not to rehab—that’s the question Marietta officials hope to answer soon about a century-old home at 412 Phillips St. that is being given to the city....

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Jan-16-14 10:13 AM

I'm all for creative re-use of property, of companies donating things they don't want and get a tax write off for, but in this case I see it like this:

A far away bank has a plighted property. Rather than writing it off and razing it themselves, they want to write it down as a donation at the value outstanding on the books. Creative. Maybe I'm wrong, but this looks like little more than a bank having a small town deal with their dirty business.

Take it, raze it and make a park? What would we do with that property?

In the end it's important to explore all opportunities but I'd say most cities would consider this opportunity a time consumer and not really helpful to anyone.

Interesting story though.

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Jan-16-14 12:41 PM

It makes me sad to see the poor condition of that house. My paternal grandparents owned and lived in that house from the mid 1940's, until about 1970. It was a really nice house back then.I hope it can be saved and rebuilt. The other house, to the right in the photo, was owned by my maternal grandparents.

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Jan-17-14 1:08 PM

This situation reminds me of people who think that just because something is old, that it's a valuable "antique". Sometimes something old is just old junk. Although it was once a nice house and I'm sure it's full of memories, it's now an eyesore that's had flood damage at one (or more) times, and is falling apart.

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