Wednesday, July 25, 2001
Apartments put on hold in Lebanon
By Cindi Andrews
The Cincinnati Enquirer
LEBANON City Council declared an immediate 90-day moratorium on new multifamily housing Tuesday, despite pleas from developers.
Council is concerned about the imbalance between rental and owner-occupied property, with the 2000 census showing that about 42 percent of Lebanon residents own their homes.
Developers, however, pointed out at Tuesday night's council meeting that Warren County's high housing costs already have scared potential employers away.
More and more restrictions are being placed on development at a time when the economy is contracting, said Rick Pansiera, architect of two apartment complexes here.
But consultants studying the city say the preponderance of rental property in Lebanon could erode the city's tax base, Councilman Mark Flick said.
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