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<br />- He stated that there are now 15 apartment units built, that the <br />Aintree Park Development which has been approved will add 320 suites, and that <br />Fairf ord;Manor, if approved by the court, will add 180 unitsv This will make <br />a total of 515 apartment units as against 750 single houses in the Village. <br />If you add the apartment suites now proposed, the Village will consist of 70% <br />apartments. East Cleveland is the community having the highest percentage <br />of apartment units in this .county.;, and that is only 357a. He pointed out <br />that 5600 units might be added and that apartments also do add school <br />children to the population. <br />Mra Henry said that the Regional Planning Commission does not claim <br />that it can reduce taxes. He pointed out that Highland Heights will soon have <br />the Picker X-ray Development, and that this mnnicipality was. ai.l.>.ready to <br />permit an apartment project on the same land. He said that industry pays 60%a <br />of the taxes in this county, while occupying only 10% of the land. He said <br />that there are too many retail shopping centers now, mentioning Severance, <br />Eastgate, and the proposed shopping center at Wilson Mills Road and Richmond <br />Road. He said that industry would not go into the Freeway area if apartments <br />are started there. Iie pointed out that there is a 117o vacancy in apartments <br />in Mayfield Heights, possibly higher, and that there are only 400 apartment <br />units in that eity. <br />Other members of the audience then made comments and asked <br />questions. <br />Mr. Wolstein gave a rebuttal. He said that the Interim Plan was <br />not based on a study. He said that his group could not object to that plan <br />when it was under consideration, because they had tto plan of their own to <br />present at that time. Now they have made a complete study and research. He <br />said that his group had put so much money into the plan and were so well <br />satisfied that it was the best and only use that could be made of the property <br />that they would have to go to court if they were turned down. He said that <br />this was not a threat, but only a fact. He repeated that it would be impossible <br />and impractical to put in utilities and sell the land, and that his group <br />cannot sit back and wait f or years, but are read3= to go ahead with their <br />project now. <br />A1r. Edelman asked Mr. Wolstein why it would be f easible to put <br />in a combined apartment and commercial development, and not a development <br />which is compatible xaith the present zoning, when the same.utilities costing <br />the same money would have to be installed in either case. Mr. Wolstein <br />replied that it is impossible to get financing for a speculative commercial <br />venture, but that financing f or apartments can be obtained. Mre Edelman also <br />asked what the order of the development would be, whether apartments would be <br />built first or whether commercial units would first be built. Mr. Wolstein <br />stated that the development could not be constructed all at once and would <br />have to go forward in steps, but that it was contemplated f or the first step <br />that there be some commercial and apartment construction at the same time. <br />3.