As found on a Pennsylvania TV station’s website, it looks like the Associated Press has picked up on the condos-to-dorm tale of Capitol Cove. They have in the article some similar examples from around the country as well.
My favorite quote from the article comes from a J&W resident advisor, herself a student:
We want the students to treat it more as if it was their home than just a dorm room
Yeah, good luck with that. Ask their parents how well their own homes were treated…
With similarly rose colored glasses, Roth of Capitol Cove hopes no one will notice:
Roth said he intends to retake Capitol Cove in three years… and resell to private buyers, hoping… that young professionals won’t be turned off by living in former student housing.
You gotta love those dumb young professionals! There to save a housing project every time. Maybe if they cut the previous asking prices by a third to half of the 350 – 550K they initially wanted, they’ll have hope of filling some of the middle-class housing potential that truly exists downtown…