UPDATE: Property values affected by new Aquatic Center?

UPDATE: I spoke with a local realtor in SF who specializes in home sales. They told me that overall average in home values in Sioux Falls has risen 7-10% over the past year, but neighborhoods in individual homes obviously vary. I asked specifically about Spellerberg Park area, and they said that the mayor would have had to really dig into stats to back up that claim and that would have taken a realtor with that kind of expertise. In other words, once again, he was blowing smoke.

During the press conference for the 1st Anniversary of the Aquatic Center, mayor Huether claims this (FF: 2:20);

‘Property values around this aquatic center have gone up.’

He of course doesn’t reference any real estate study or statistics, he just lets the BS spew standing at the microphone. While, you could argue he is correct, because property values ACROSS the city have gone up over the past year, I find it hard to be able to measure property value increasing dramatically since the pool was built only a year ago.

Any realtors want to challenge me or the mayor on this? Can anyone show me that property values have increased MORE around Spellerberg Park than the normal rate across the city or a comparable central/proper neighborhood.

Would love to see the actual numbers since Mike couldn’t produce his sources.

Just imagine, it was only a year ago when the mayor filled the pool with his tears.



2 comments ↓

#1 bruce on 10.23.17 at 8:10 am

“7,000 lane hours have been rented” in other words the facility has been open about 4,674.5 hours this year so is he saying 1.5 people an hour are using the big pool to swim laps? What a deal!

#2 The D@ily Spin on 10.23.17 at 11:30 am

Indoor swimming and indoor tennis but Huether took away sled hill. Yes, there may be some private and a lot of strip mall real estate appreciation. However, the city used our money to build on federal property. Where’s the public appreciation?

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