Tom Butt
 
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  Motel 6 Grant Analysis
August 16, 2024
 

I thought this was an interesting analysis:

From: Doss & Felix <doss_felix@yahoo.com>
Sent: Thursday, August 15, 2024 5:09 PM
To: AURHP Group <aurhpinfo@googlegroups.com>; Tom Butt <tom.butt@intres.com>; gavin.newsom@gov.ca.gov
Subject: Fw: What???????

This article today in The East Bay Times says that Richmond will spend $14.5 million  for a 48 unit Motel 6  (425 24th Street ).  That is $302,000 per room.  The website of Motel 6 says that the rooms are 200 sq ft..  That is $1510/sq ft.  Are you kidding me?  Anyone anywhere who has owned, managed, built, or remodeled anything would know this is a crazy amount of money.  Who is getting rich???  If you tell me that this is $14.5 million guarantees 20 years all-included, upkeep, repairs......Or maybe if this includes  10 years with an on-site medical clinic, mental health staff, nutritionist, guards, recreation directors, job training, drug testing, etc - maybe I could buy it.  How many people can they stack in 200 sq feet?  Will there be a kitchen in this studio?  So $302K to house one person for how long???

I am gobsmacked. 

Please, if anyone knows any reason that this is reasonable besides someone getting rich, please tell me.  

Will someone give us 4.5 million  (3000 sq feet x $1510 per foot)  to house people in our 4 plex for a year????  Sign me up.  I will buy our each of tenants a house for $500k and have 2.5 million left over.  

Jerrilee Doss

 

 

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