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I don't think new appraisals are going to help much. There are not enough sold properties of this unique type of real estate to use the "sales comparison" approach and using any other method such as reconstruction-cost-minus-depreciation, will give too inaccurate a value picture. The reality is that Aldrich is worth what the highest bidder will pay. Aldrich is worth what the taxpayers want the final product to look like. Determine that value (if you can) and you will determine the true value of Aldrich. I personally feel that Warwick will be better off with single family homes rather than a charter school. I believe that the tax revenue to the City will be higher and our public schools wouldn't have a charter school to compete with. Plus, I believe that it is what the taxpayers want.
Ed Ladouceur and the City Council are wise to explore all options before making a final decision, but it seems that Aldrich will become a charter school and Rhodes will be made into new homes by a builder with
Merry Christmas everyone.
Rick Corrente
The Taxpayers Mayor
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