What Was Eugene's LPC Vote Worth? $409,000


Remember the flap earlier this week about how Council Member Mathieu Eugene was opposing the creation of the Ocean on the Park Historic District because he wanted to hook up the owner of one of the twelve houses who was hoping to cash out to a developer? As we all know, Eugene cracked under a wave of public protest and decided to support the landmarking effort. And what about the poor owner whose backroom politicking ultimately failed? Well, with hopes of a tear-down dashed, he just slashed the asking price of his house at 189 Ocean Avenue by 26 percent from $1,599,000 to $1,190,000. Anyone care to cop to a little schadenfreude?
189 Ocean Avenue [Sotheby's] GMAP
Ocean on the Park: Crisis Narrowly Averted [Brownstoner]
Councilman Threatens Ocean on the Park Historic District [Brownstoner]

Copyright Brown - Brownstoner
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