"But those seven families facing eviction they missed payments after new management took over. Residents claimed they didn’t pay because of the bookkeeping confusion with the management switch. But the golden rule is to always pay your rent. If you don’t pay your rent, it is if you broke the contract.
While many said their updated leases still aren’t signed. But the judge ordered those with back payments to fork over the money or move out.
This impacts more than just those families. Every taxpayer in Greensboro is involved. Back in 1998, the city loaned Kingsgate about half a million dollars for improvements. The city says Kingsgate is already behind on payments themselves and hasn’t paid since 2009. Those Payments which might get harder to make with all these newly empty apartments.
An attorney for Kingsgate declined to comment."
Need I say more? And why has the City of Greensboro not already foreclosed on a loan that is already 4 years in arrears? Political favors perhaps?
Via Jeffery.
Update: Kingsgate South Apartments
