HomeMy WebLinkAbout04-03-17 Public Comment - J. Gossel - Black OliveFrom: Jerry Gossel [asjgoss@gmail.com]
Sent: Sunday, April 02, 2017 11:14 AM
To: Carson Taylor; Cyndy Andrus; Chris Mehl; I-Ho Pomeroy; Jeff Krauss
Subject: Black-Olive Project
Dear Commissioners,
I've been appraising residential real estate in Bozeman for over thirty years. During that time I
have watched numerous changes to the zoning code and request for variances to the zoning
codes for residential properties within the city.
When there has been objections to the variances, the most common theme and argument has
been that the change will negatively affect the value of properties in the immediate
neighborhood. Over the years I have not seen that argument hold up to the realities of the real
estate market until this proposed project. So for the first time, as a professional appraiser, I am
agreeing with the argument that this project will negatively affect the neighborhood residential
property values.
Two weeks ago I appraised a property adjacent to the proposed project. Driving around the
neighborhood I found most of the street parking occupied. So if the proposed project is going to
put another nineteen cars, at a minimum, on the streets it is going to negatively influence the
current residents parking and eventually property values in the neighborhood.
My research of rental properties near the city center found most two bedroom apartments in
the $2,000 rental range were shared units so that would mean the project could have at a
minimum of 72 people in the building and more cars than the proposal that is being presented
to the commission.
I have researched appraisal data from across the country about car-sharing and found it's an
idea that sounds good in major metropolitan areas but has not been proven to be effective in
smaller communities like Bozeman.
From an appraisers view point, this project is beyond the scale that would support and enhance
the neighborhood property values, instead it will have a negative affect on the residential
property values in the immediate neighborhood.
Respectfully,
Jerry R. Gossel
Certified General Appraiser
Appraisal Services of Bozeman, Inc.
406-539-2582
asjgoss@gmail.com<mailto:asjgoss@gmail.com>