The I Love CVille Show With Jerry Miller! - UVA Suspends Admissions Tours By Guide Service; UVA Suspends Guides From Historical Talks
Episode Date: August 29, 2024The I Love CVille Show headlines: UVA Suspends Admissions Tours By Guide Service UVA Suspends Guides From Historical Talks Is This Board Of Visitor Burt Ellis’ 1st Victory? More Analysis $20.5M Cava...lier Crossing Deal Will More Local Apartment Complexes Be Sold? Social, Political, Economic Fallout Of Deal Henley Principal Child Abuse Charge Dropped 307 Alderman Rd $110K Price Cut In Lewis Mtn Read Viewer & Listener Comments Live On-Air The I Love CVille Show airs live Monday – Friday from 12:30 pm – 1:30 pm on The I Love CVille Network. Watch and listen to The I Love CVille Show on Facebook, Instagram, Twitter, LinkedIn, iTunes, Apple Podcast, YouTube, Spotify, Fountain, Amazon Music, Audible, Rumble and iLoveCVille.com.
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Good Thursday afternoon, guys.
My name is Jerry Miller, and thank you kindly for joining us on the I Love Seville show.
It's great to connect with you through the I Love Seville network.
We were off air yesterday, and we were off air yesterday in unexpected fashion.
I'll offer some insight into our morning yesterday, my wife and I and our family.
We have two boys, two wonderful boys.
We have a first grader and we have a 20-month-old.
Our 20-month-old is
joyous. He's full of energy like his big brother. He is a thousand miles an hour. He's tough
because, frankly, he gets beat up by his six-year-old brother or roughed up, I should say, by a six-year-old brother. He is loving and kind. He enjoys
cuddling. He has a temper. He's let us know that he's strong-willed and stubborn, I would say, much
like his parents, strong-willed and stubborn. He also had a clogged tear duct on his left eye. We noticed for much of his 20 months in change on earth,
under our care, that his left eye would consistently water. And we were wondering,
what's going on? Why does his left eye constantly seem like he's crying and only on that eye when he otherwise is laughing and having a
great time. So we went to an eye doctor first and the eye doctor did in fact confirm there was a
tear duct clogged. Then we went to the UVA Children's Hospital, the Children's Hospital
over on West Main Street, the corner of West Main in, I guess that's what, Jefferson Park Avenue,
right across from Farm Bell Kitchen, right next door to the Draftsmen Hotel. And we first arrived
at 9 a.m. yesterday for what is roughly about a 10 or 15 minute surgery. Now, when you are prepping
for surgery, there's requirements of you prior to the surgical procedure. And for a 20-month-old
baby entering toddler phase, he had to not have any food or drink for more than 12 hours.
So our little boy goes to bed on 6.30 p.m. on Tuesday night.
And he did not have any food until 1 p.m. the next day
because we had to arrive at the hospital at 9 a.m.
So this little tyke, 6.30 p.m. on Tuesday night,
wakes up starving, unable to eat.
My wife and I get there at 9.
Anytime you're 20-month-old, goes under anesthesia
and has to basically be whisked away from you,
carted away from you by doctors and nurses into a surgical room, into an emergency room,
into an operating room, both parents are going to be there. And we were both there.
One of the most vulnerable moments, I would say, of my wife's life in my life, seeing a 20-month-old
taken away by doctors and nurses out of your eyesight, out of your care, and into an operating
room while wearing, what's it called, a gown, a hospital gown, Judah, a anesthesia and he has the tear duct unclogged by a fantastic UVA
doctor. As we're waiting in the waiting room, my wife and I, for the doctor or someone to give us
an update of what is going on, we are just nervous Nellies. How's our boy? Is he okay? And this is a routine
surgery. Doctor comes out to the waiting room and he says, everything went according to plan.
Your little boy is fine. He also warned us when he comes out of the operating room and into your
care, he's going to be waking up from anesthesia and he's going to be as mad
as a stirred hornet on a hot Charlottesville summer afternoon. We go into the hospital room
as he gets released from the operating room. Two nurses are there and we see our 27 pound,
20 month old about as angry as you can ever see a human being.
And a 20 month old, how he or she, or at least this particular little boy gets angry,
screaming at the top of his lungs, flailing and throwing his body across the room in suicidal
fashion and just unrecognizable in personality or mood for his parents. We saw what is normally
an even-keeled 20-month-old acting like someone who was possessed by potentially Lucifer himself.
So we eventually, after he calms down, after the anesthesia wears off, we're able to get some grape.
Icy pops into him, calms his mood, and we're able to get release from the hospital.
The experience with UVA, they were incredibly caring.
The nurses, the admission staff, the doctors, the entire procedure in totality, $11,000 with some family health insurance that is
basically as a self-employed individual, catastrophic health insurance, that number
whittled down to $3,800, $3,900. So we're like, look, we got to do it. We got to do what's best
for our guy. We leave the hospital. We get some lucky charms into him. We get some goldfish into him, some Chick-fil-A chicken nuggets. And now he is back to his normal self after sleeping for 14 hours and basically eating our house, eating our kitchen of every snack possibly available. I'll close with this. Seeing your son or daughter, especially one that's 20 months old,
in a hospital gown with IVs in his arm, injected with anesthesia, and knowing that he's going to be
asleep without us around him and having surgery done was one of the most vulnerable feelings I've ever felt
personally. You want to take the pain away and the experience away, and you want to put it on
your shoulders. You want to help your wife and protect your wife and shelter your wife because
she's as scared as you've ever seen her. She is emotional, and you want to take that away from her.
And really, you can do nothing about it.
You're just left waiting.
And you put your faith in a higher power.
You put your faith in the staff at the UVA Children's Hospital, and you hope, you pray, that everything goes according to plan, to God's plan.
And fortunately, yesterday it did.
What we anticipated being an experience that
was going to be 90 minutes or under turned from 9 a.m. to 1 20 p.m., 1 30 p.m. yesterday.
And I'll tell you what, it was one I won't forget and one I wish on no one else, although the
results were in the end, quite positive.
I want to thank the Children's Hospital for helping our little boy, my wife, Iraq, yet again.
And to our 20-month-old, God, I love him, and I love his big brother, too.
I want to thank Pro Renata in Mexicali for being a part of the show.
Pro Renata in Crozet, downtown Stanton in the Shenandoah Valley.
They're hiring, they're expanding,
they're brewing their own beer.
They have the new brewmaster from Basic City
now working at Pro Renata.
John Shabe and his team,
incredible things happening with that beer brand.
And Mexicali on West Main Street.
If you have yet to try Johnny Ornelas
and River Hawkins' latest restaurant iteration, Mexicali on West Main Street. If you have yet to try Johnny Ornelas and River Hawkins' latest
restaurant iteration, Mexicali, on West Main Street, you're missing something that is absolutely
dynamic. Food, drink, ambiance, cocktail, just it's out of this world, guys. One of the best
restaurant experiences, genuinely, in the Charlottesville metro area. I want to welcome Judah Wickhauer, director and
producer of the show. I like to call him the Elmer's glue of the team. He somehow got peer
pressured by yours truly into a Lewis Mountain bet that we put an over-under of nine units
by close of business 2024 that will come on between this week and the end
of the year. I credited one of the units that already came on the market, Thompson Road, to
that nine unit count. So Judah, you need what? Nine more to come on the market between now and
the end of the year to win a bottle of brown juice from yours truly. If eight or less come on the market between now and the
end of the year, I win the bottle of brown juice from you. We capped it at what, 50 or 75 a bottle?
Something like that. No plastic bottles, no aristocrat, no Jim Beam, please. All right,
a lot we want to cover. We're going to start with news from the grounds of the University of Virginia that could be razor blade Bert Ellis's, the co tours, the tours for high school students and their parents that are thinking about going to the University of Virginia.
These tours have any kind.
The University of Virginia issued a statement yesterday about this.
The student-led university guide service now suspended.
The tours in the future are going to be offered by student employees of the admissions office.
Currently, the university guide service, the group, is similar to the university judiciary committee or the honor committee.
They are independent committees that are trusted to act as agents of the university, but they are not tied directly
to the university. The administration of the university said, this independent agent,
these independent agents, the university guide service, you guys can't do your sole mission
of giving tours to prospective students or parents anymore.
And it was rooted, this decision was rooted in the content that was being presented
at these admissions tours by university guide service students.
The Jefferson Council has said on multiple occasions that the university guide service is marginalizing,
stigmatizing
founder Thomas Jefferson
and weaving political,
liberal-minded rhetoric
into the admissions tours
offered to prospective students
and their parents.
They are painting,
the Jefferson Council has said,
it has been confirmed by others,
Thomas Jefferson as a racist,
as a rapist,
as a slaveholder,
and as someone that is a horrible representation
of the University of Virginia.
Bert Ellis and his lobbying group, the Jefferson Council,
one of its missions is to return Thomas Jefferson's reputation
and make sure it's at the forefront
of the University of Virginia brand and image
is this
Bert Ellis' first
victory on the
board of visitors
Judah B. Wittkower
do we not consider driving across state lines with a razor blade in
your car a victory? I was hoping you were going to say this. This is the same man who drove from
Georgia with a razor blade in his vehicle across state lines to razor blade a sign that he disagreed
with off the lawn front door of a student. We don't know that he didn't buy the razor blade once he got to Virginia.
We do know that he took a razor blade to the lawn,
and he razor bladed a protest sign off the front door of a student's abode on the lawn.
Did he actually do it?
I thought he was stopped.
He did it.
He did it.
He did it.
Is this his first victory?
Yeah, probably.
I mean, this is his first big public victory, I would say.
As you put the lower thirds on screen, there's three that we can rotate through.
Is it his first victory, or was Razorblade Burt Ellis' first victory on the Board of Visitors,
the news that was announced earlier this week and covered on the I Love Seville show when the UVA updated policies on protests on grounds.
Now you...
I don't know if that's a win.
Why don't you think that's a win for Burt Ellis?
That's a win for Burt, for Razorblade Ellis.
You mean he may consider it a win?
I would say Razorblade Ellis would consider this a victory.
The fact that you now cannot sleep on
grounds overnight you cannot use a tent on grounds and if you're going to protest there are hours
where you are allowed to protest and hours where you are not allowed to protest they basically said
hey you can protest sun up to sun down but when it's time to get some Zs and when it's time to call the Sandman,
you better not be sleeping on the grounds outside
and you better not use a tent.
And if we find you doing that,
you're going to get in some serious trouble.
Is that not Razorblade Burt Ellis' first victory?
He's pretty much diminished the right to protest,
the right of freedom of speech on grounds
because he didn't like what he saw and made
with the pro-Palestine pepper-spraying protest?
I don't know if I'd call it a victory.
It seems heavy-handed.
It seems pushed through pretty quickly.
It's got a lot of the faculty at UVA up in arms.
It may be a victory in his mind and some people's minds
but I think it was poorly done
I think it's a victory in Mr. Ellis' mind
do you agree?
probably
we have to unpack this
remember, now the Board of Visitors
under majority Glenn Youngkin influence.
This summer, in fact it was
earlier this month, ladies and gentlemen, earlier this month
Youngkin appointees, more of them on the Board of Visitors
in cahoots or along the same
ideology as Mr. Ellis.
Now with majority control on the Board of Visitors,
are we seeing the men and women that truly run the University of Virginia,
the men and women that Jim Ryan answered to, flexing their muscles?
The protest rules and regulations have changed this month.
And now this month, the university guide service, the student-led
organization, has been suspended and
future tours will be given to employees of the
admissions office, student employees of the admissions office, that will be held
to a different level of accountability, a different level of accountability
that will most certainly require them
to tow the company line.
Yeah.
You have two big-time changes here,
ladies and gentlemen,
courtesy of a board now
totally under Youngkin's influence.
Which more impactful
or which more deserving of top billing
or above-the- fold storyline on the Thursday
edition of the I Love Seville show? Is that a question? That is a question. Which? I didn't
follow. You said which more? Which is most deserving of the top storyline or billing? Of
course that's a question. It started with which? I would say that the
I would say
that the guides is the better story.
The guides is a serious story. I agree.
Finish your thought. I agree with you here.
I think, I don't
know
there's
quoted as
the guides service inserting
radical views and inflammatory opinions into its tours.
I don't have any context for that because I haven't heard what they have to say,
but they essentially work for UVA, whether or not it's a UVA-run organization. If they're speaking ill about Thomas Jefferson, and I understand the desire to what they in the context of history, but I think that has some – it's a very sensitive issue.
And I'm 100 percent on board with the university saying, look, we want a little more say in what you are saying about our university and our founder.
And so I think it's probably a wise choice.
I'm not so sure about the other pushing through of the changing policy.
UVA faculty pushing back on the protest changes.
UVA faculty going on record saying the protest changes and the new rules and regulations that are pretty much handcuffing
or capping freedom of speech on grounds at Thomas Jefferson University
are, some said gross, some said diminishing the rights of students. Some said no place here at UVA.
Yeah.
What we're seeing, though, is the Board of Visitors have an early influence and impact now that Youngkin's men and women are calling the shots.
And I think if this is an indicator, a proof of performance,
more changes will be coming.
I'm very curious to see what the Board of Visitors does next.
Suspending the university guide service, ladies and gentlemen,
this is often the first expression, the first touch point,
that prospective students and their parents have
with the University of Virginia outside of some research online or some U.S. News and
World Report rankings.
I remember going through the guide service while a junior in high school with my parents.
We made the trip from Williamsburg, Virginia, up 64.
My brother, who was a sophomore in high school, me as a junior, my mom and dad, we signed up for a tour at the admissions office.
We walked through grounds with the UVA guide service.
Me as a 17-year-old, my brother as a 16-year-old.
And ladies and gentlemen, the extent when I was in high school, before going to UVA, my brother went to UVA, I went to UVA,
my dad went to UVA. Before going to UVA in high school, the tour, all it consisted of was pointing
out various locations on grounds. It had no political rhetoric. It had no mention of Thomas
Jefferson in any demeaning fashion. All it was was a pretty much landmark tour of grounds.
Now the tour is one that is very much politically centered. I got this text from the fixer who
watches the show and sent me this information. He said, my family did this tour last year.
We had a moment of silence for the Monacan indigenous people
and then at the end for the enslaved laborers.
Both were worthy of recognition and remembrance,
but not ideal when you're trying to get the Millers from New Jersey
to spend $320,000 to send their daughter there.
Yeah.
He also says, telling the complex history of UVA should not be left to a 20-year-old guide.
And I 1,000% agree with those texts.
I think it can be, but obviously you have to
be careful what they're saying.
And it's a narrative that obviously UVA is going to want to have their thumb on.
This will be a topic that hits the legacy news cycle.
And it's a very good one.
And it very well could be Burt Ellis' first victory.
And somewhere, Burt Ellis is rubbing his hands together and saying,
we got the protest rules changed and the UVA guide service suspended.
What can I do next?
Oh, man.
That's what he's thinking right now.
Next topic, Judah Wickauer.
Give us the headline.
Let the viewers and listeners know what the next couple topics are going to be.
Oh, we have a three-pack of headlines on this storyline.
Give us the three-pack of headlines here for the next topics, Judah.
Let's see.
More analysis.
20.5 million Cavier crossing deal we've got uh will more local apartment complexes
be sold and social political and economic fallout of the deal so cavalier crossing
elmoro county just over the city line in the Fry Springs
neighborhood, right off of Old Lynchburg Road, 520 total bedrooms. There are 144 three and four
bedroom apartments, 520 total. We have an out-of-market owner out of Arlington who now owns
this apartment complex called Cavalier Crossing.
They spent, they paid $20,500,000 for the apartments. Um, the apartments averaged about
$560 a bedroom. They're the type of apartments where bedrooms are rented as opposed to apartments
being rented. You can share a common area, a kitchen and a living room with
strangers as you rent strictly a bedroom with a door lock on your bedroom.
The concept is this. We're going to spend $20,500,000. We're going to put lipstick on the
pig. We're going to improve the amenities. We're going to improve the finishes. We're going to put
some stainless. We're going to repaint them. We'll rebrand them.
We'll reposition them. We'll give them a nice little swimming pool. Maybe we'll put some bocce
courts in there and a pickleball court and improve the gyms. And we're going to try to 2x or 3x the
rents. And that's how we're going to make money. The company that made the purchase out of Northern
Virginia straight up said in their statement when buying this deal out of Alexandria, I said Arlington, out of Alexandria, they straight up said this is an inventory strapped market, housing wise.
And it's a market that is booming in popularity, booming in population, and incredibly impacted by the University of Virginia and the fact that
there's no housing. It's Bonaventure Multifamily Income Trust, the company who purchased Cavalier
Crossing in May for $20,500,000. The previous owner, Pierce Education Properties, bought it in
2017 for $11.2 million. The current owner has $2.3 billion in assets
in its portfolio as of November 2023.
Ladies and gentlemen,
you just saw one of the last
robust options of affordable housing die.
Eagle's Landing, perhaps,
the last one left in Almaro County and in the Charlottesville area.
Judah Wickauer, I'm going to ask you these questions. Will other apartment complexes
be purchased in similar fashion, buy low, improve, re-rent, two to threex, higher rents. I'm going to ask you the social, the political,
and the economic fallout of this acquisition.
I can't wait to offer commentary on this.
Anywhere you want to go on these topics.
Oh, man.
I'm sure there will be more that are sold.
You'd have to take a look. You'd have to take a look.
We'd have to take a look, obviously, at what some of these places were bought at.
I mean, the company that sold the Cavalier Crossing obviously made a good deal.
How much did they make? made what? 3 million,
11.2 million versus 20.5 million. Yeah. They almost doubled their money.
9,300,000 dollars. You want me to jump in? It's pretty good for what? I'd say that's fantastic.
2017 to 2024. I'd say that's fantastic. We don't know what they put into it, but I'd say that's
fantastic. Right. More commentary. You want me it, but I'd say that's fantastic.
More commentary you want me to jump in?
I can definitely see more companies coming in to do this,
but I don't think they're going to – it's not going to be as big a deal
and will have less of an effect because there aren't, as you said,
this is one of the last affordable housing rental units around.
And so anything else is just not going to be as large a shift as this is clearly going to be.
All right, I'm going to offer some color and some perspective.
The first property I ever owned in Alamaro County, I was in my mid-20s.
It's currently a rental.
It has no debt.
It rents for a little over $2,000 a month.
It's a three-bedroom, two-bath condominium in the Villas at Southern Ridge.
That is off Old Lynchburg Road in spitting distance of Cavalier Crossing,
the Villas at Southern Ridge condo complex.
This condo complex used to be called Country Green Apartments.
Country Green Apartments across from Jim Shank's Barbershop in the trailer park on Country Green Road. Country Green Apartments
were the apartments that you never went to unless you lived there because of fear of crime,
because of fear of getting mugged, because of fear of getting robbed. A developer from Virginia Beach
by the name of Bart Frye of Frye Properties, F-R-Y-E, purchased Country Green Apartments.
And he had the misfortune, perhaps now fortune, but at the time of misfortune,
buying Country Green Apartments right before the 2008 housing crisis.
And he said, I'm going to convert country green apartments into condominiums,
and I'm going to sell them individually, and I'm going to bake a boatload of money.
And I'm going to do it in five phases. The first phase, which I purchased in, the units are going to be worth,
are going to be valued at $182,500.
That's all I could afford in my mid-20s, $182,500. The second phase is going
to be $5,000 more expensive. The third phase, $5,000 more expensive. Fourth phase, add another
$5,000. And fifth phase, we'll add an additional $5,000 on that. So if you buy in phase one,
you deal with the remodeling consequences because there's four phases of remodeling that's going to
happen but you do so because you say I'm going to have potentially $25,000 in equity right off the
gate once the fifth phase is finished and I said I'm going to buy in phase one well not only did
Bart Fry have bad luck buying in 2008 before the housing crisis all of us who purchased in phase
one all of us who purchased in phase one, all of us who
purchased in phase two, and certainly all the people that purchased in phase four and five had
bad luck as well because values plummeted and the housing market went in the pooper,
especially for condominiums. Condominiums do not maintain in the Charlottesville and Central
Virginia market. They do not maintain single family detached momentum
when it comes to equity and value. They just do not. The data backs that up. I've seen it
firsthand with this ownership of the bills at Southern Ridge. Single family detached homes
appreciate much more rapidly than attached product. That's just a fact. So in phase one,
as I'm in my three bedroombedroom, two-bath,
newly purchased condo,
you would still see the same clientele
that patronized country green apartments
because the clientele was a still social norm.
Their behavior patterns were still the same.
You would see,
at all hours of the night,
one or two in the morning, groups of seven, eight, nine, ten men in the asphalt parking lot of the villas at Southern Ridge, then country green apartments, drinking Colt 45, Old English, smoking blunts and listening to music.
When you're in your mid-20s and you're purchasing a condo, you don't anticipate or research 2.30 in the morning human behavior.
You just say, what's this look like during the sales office from 9 to 5?
And from 9 a.m. to 5 p.m., it looked like there were pretty flowers over there and a tennis court over there and a nice-looking swimming pool over there.
And the gym had sparkling new weights.
At 3 a.m. on a Wednesday morning, you don't go over there before you close on the deal,
but at 3 a.m. on a Wednesday morning,
you got a half a dozen people
blasting Dr. Dre,
smoking the fattiest blunt you've ever seen
while drinking Old English and pounding Colt 45.
Happened all the time.
Then eventually human behavior starts to change.
Owners start coming in.
Owners start phasing out the
renters. And then next thing you know, it makes the transition from country green apartments to
the villas at Southern Ridge. Now, it's not an apples to apples comparison, the villas at Southern
Ridge, because those were units for purchase. But Bart Fry, because of the housing crisis,
was unable to unload his units.
So he converted the units he still held to rentals.
And now his sales office is a rental office.
And he controls the association.
Because he has such a lion's share of the property, ownership-wise,
he is the top dog who controls the owner's association at the Villars at Southern Rich, still to this day.
And because he had the luxury of deep pockets
and cash on hand,
he was able to hold the units
throughout the 2008, 2009, 2010, 2011, 2012 housing crisis
and said, I'm going to maintain these as rentals and hope the market
changes. And today the market has changed and his units are now renting for $2,000 plus a month and
he's got a boatload of them. No doubt. His sales office, a rental office, he controls the association
and he's got a cash cow on his hands. So here's what I saw firsthand as a one-unit owner in the villas of Southern Ridge, a unit that's now running for over $2,000 a month.
I saw the rebranding of an apartment complex, name-wise, website-wise, signage-wise.
I saw landscaping change.
I saw amenities change.
I saw the gym change.
I saw the swimming pool change.
I saw the conference room changes, the property management company changes.
I saw a reimagined and repositioned apartment complex
that was rebirthed as a condo complex.
Cavalier Crossing, they're not going to sell the units
they're going to rent them,
but I bet you they changed the name.
One of the reasons they're going to change the name
of the Cavalier Crossing apartment complex that just sold for $20,500,000 is because if you do a little bit of research,
you're going to find crime associated with this location. You're going to find Albemarle County
police has been called. You're going to find murders on scene. You're going to find drug
dealing. You're going to find arrests being made. And you're going to find not the best of reviews
online. First thing they're going to do is
they're going to rebrand this
apartment complex. They're going
to take the leases, notify
the tenants
that are paying $560 per room on average
that their leases are
not going to be renewed.
They've already started doing that.
They're going to do a nice little
pool upgrade.
Wouldn't be surprised if you see some pickleball courts or a bocce court and some dog parkage.
Wouldn't be surprised if the weight room gets improved.
You're going to see stainless steel appliances in the units, repainted units, new finishes in the units.
And then you're going to see them come to market at a price point that is 2x to 3x
to 560 per room. And they're going to get a significant return on investment. And now we
have to ask ourselves, what is the social fallout of this deal? What is the political fallout of
this deal? And what is the economic fallout of this deal? Well, the social fallout of this deal
is this. Activists, lobbying groups, and socialists in the Charlottesville Greater Metro area are infuriated.
And they're infuriated because they're losing the battle against the free market in the indivisible hand of capitalism.
They feel government should intervene in some capacity
and save the tenants who are now getting jettisoned to vehicles,
to the streets, or scrambling for the last few units
that are available at Eagle's Landing.
The reality is government can do nothing about this.
This was one company that sold to another company,
and the company that bought the apartment complex
has a track record of revitalizing communities and significantly raising rents.
The social consequences, a lot of people are going to lose their houses.
We empathize for these people.
I know you do.
I certainly do.
But this is what happens when you rent.
You can terminate your lease when you want to, and the landlord can terminate the lease with proper notice.
That's called leasing.
You don't own.
That's what could happen.
And that's what did happen.
Social consequences.
You're going to have 520-some people scrambling for housing
and unfortunately
whether we want to hear this or not
some of those people are going
to add to the homeless count in the
Charlottesville area.
They indicated
the tenants
interviewed by Charlottesville Tomorrow that they can't
find housing elsewhere because of either credit
scores, because of lack of job or because of minuscule income. So the homeless population
is going to increase. Whether you want to admit this or not, the rents at Eagles Landing are going
to increase because now you've got 500 plus people that are going to be scrambling right next door to Eagles Landing looking for housing.
And when more demand comes to an already fully occupied or nearly fully occupied apartment complex, those complexes increase in value.
And that's what happens to Eagles Landing.
Literally happening right now.
Economic fallout or consequences.
Albemarle County's got a hell of a lot more tax revenue.
You're going to have a piece of property
that's going to be assessed at a much greater clip.
I bet you if we looked at what it was assessed right now,
it's not close to $20,500,000.
And after it's revitalized and rebranded and remodeled and repositioned,
it's going to be worth and assessed and appraised even more. The county gets more tax revenue.
The county also gets more tax revenue because the folks that are going to live in Cavalier
Crossing, Judah, those folks are going to be deeper pocketed individuals because they're
going to be able to afford rents individuals because they're going to be able
to afford rents that are two or three X higher than they are right now.
And those deeper-pocketed individuals will have more spedding power in the county.
And that spedding power translates to meals, coffees, lattes, martinis, wine, cold beers, retail purchases, event experiences, music tickets purchased, dog food purchased,
and a portion of those purchases are going to go to the county's tax coffers.
Now, one piece that is not being highlighted, the 520 people that lived at Cavalier Crossing,
where your probably average take-home pay
was somewhere between $20,000 and $35,000 for these folks.
They're spending $560 a month in rent.
A lot of these are the hourly employees
at frontline businesses like restaurants, coffee shops, back of the house, dishwashers, short order cooks, hosts, ticket punchers, hourly wage workers. Will we lose these hourly wage workers from the employment ecosystem in
the greater Charlottesville area? Because if they can't afford to live here, will they continue
staying here? And I'm going to ask a follow-up question to that. Can Charlottesville, Virginia,
the greater Charlottesville, Virginia area, afford to lose more hourly workers when many of the businesses that are tied to
hourly employment say they cannot staff their models to run them efficiently enough?
These are the social and economic consequences, the collateral damage of a $20,500,000 deal,
pro and con. And I saw a comment from Deep Throat.
He made this comment on somewhere.
Was this a purchase that should have been made
by Habitat for Humanity and Piedmont Housing Alliance
instead of the $7 million bridge loan they got for the city
to buy the Carleton Mobile Home Park.
Habitat for Humanity and Piedmont Housing Alliance
are taking a $7 million loan to buy a trailer park,
and they've promised the trailer owners
that they're not going to do anything for the trailer park for 36 months. They're going to keep it the same. Only raise their rents like five bucks a
month, 15 bucks a month. Then they're going to have to develop the site. And in 36 months,
the cost to develop the Carleton mobile Home Park is going to be astronomical,
way more expensive than $20,500,000 for a 520-unit apartment complex.
Did Habitat and Piedmont Housing Alliance, were they better served with their mission of providing equity and affordability to this community, were they better served purchasing a 520-unit
apartment complex that already had tenants in play?
Or a $7 million
mobile home park
where they have to keep
ramshackle trailers in place
for 36 months before they can do anything?
That's a question for
you, Judah, and the viewers and listeners.
I mean, it's an interesting speculation.
I don't know that I agree 100%. first of all, you can't just wait around hoping to
maximize
your, I don't know,
your effect, maximize
your money. I mean,
should they have
waited? What do you mean you can't do that?
That's what investors do all the time.
This wasn't about investing.
That's literally
called being a good investor.
Trying to time the market.
Okay, so are we pooling Habitat for Humanity in with normal investors?
Habitat for Humanity and Piedmont Housing Alliance are non-profit developers.
They have every reason to try to time the market, keep cost of goods in check, labor in check,
and run the most efficient models possible to create the most amount of units at the cheapest price possible.
Because they're using taxpayer dollars to do it, and grants to do it, and donations to do it.
If they're not good stewards of taxpayer money or grant money... That's why I thought they should have bought a small plot of land in Albemarle,
put the trailer parks there, put the trailers there,
and let the developer do what they want with the place.
How would that have flown?
We're going to buy a small plot of Albemarle,
25 miles from the epicenter of employment,
and have people that may not have vehicles that rely on public transportation
and tell them we're going to jettison you to the outskirts of a vast county
and make you ride a 10-speed Huffy to your job in the city?
So you think that what happened was the better outcome?
I think Habitat and Piedmont Housing Alliance buying the Carlton Mobile Home Park was a travesty.
Okay.
It was an absolute travesty.
And I think Piedmont Housing Alliance and Habitat for Humanity, if they wanted to make a significant impact on the community,
they would have realized saving the masses or providing housing for a larger portion of the population is going to
have more impact than providing housing for 36 months for 64 trailers. And that's what they did.
64 trailers, 36 months. We'll give you housing. And we're going to take $7 million from taxpayers to do it. So would $21 million be a better deal with them buying this place?
$20.5 million.
Well, but they would have to beat that.
You take the $7 million bridge loan you get from the city.
You cobble it together with another $7 million bridge loan you get from Alamaro County.
You got $14 million down,
and then you finance the remaining $6,500,000.
But you have to beat...
You're going to have to go higher than the...
$20,600,000.
Okay.
We heard from, on Tuesday,
someone in commercial real estate that asked not to be named.
He said the owners of Cavalier Crossing, I'll relay his exact words to the viewer and listener
that came through DM. He said on Tuesday's show that the owners of Cavalier Crossing,
I'm calling up the DM.
Toured every local multifamily player around
and asked them about buying Cavalier Crossing.
We have to expect, or we have to, and yes, it's that dreaded word, assume
that Habitat or Piedmont, a multifamily player, one of the key multifamily players,
were tapped on the shoulder as a potential buyer of Cavalier Crossing.
And if Habitat or Piedmont passed on Cavalier Crossing and instead pursued Carlton Mobile Home Park, that was a mistake.
520 people, Cavalier Crossing, now going to lose their house.
64 mobile homes in Carlton are going to keep their house for 36 months before they lose it.
What was the better move?
And these are the political and social consequences,
fallout, or collateral damage of a deal like this.
Some people doing it, free market, private market,
multi-billion dollar national company,
or a local non-profit developer?
We'll read comments
live on air.
I'm very excited to go to
Deep Throat's commentary on this.
He's got good perspective here,
good color on this.
So the thing that kills me about Cavalier Crossing,
it sold for $135,000 a unit.
It was affordable.
It will not be in the future.
A loss of 150 units of affordable housing,
naturally occurring affordable housing.
Now the CRHA has been doing,
Charlottesville Redevelopment Housing Authority
has been doing redevelopment of public housing in the city with PHA.
And the per unit cost has been more than $500,000 a unit to do the redevelopment.
And that is without land because it's already owned by CRHA.
Why the duck would we not buy Cavalier Crossing for $135,000 a unit, put $50,000 a unit into it, and give PHA more potential immediately to create affordable housing?
He says, if I were the county or the city, I'd be looking at the vulnerable naturally occurring affordable housing and trying to buy it. In preference to having our incompetent local nonprofits
redevelop super inefficiently or ineffectively
at mobile home parks.
And he says another way to look at this
is through the lens of zoning
and why upzoning doesn't help with affordable housing.
Cheap housing equals depreciated housing.
The old stuff like Cavalier Crossing.
What happens with rezoning? Structure values go down. cheap housing equals depreciated housing. The old stuff like Cavalier Crossing.
What happens with rezoning?
Structure values go down, land values go up.
The older housing becomes a prime target for redevelopment.
That takes out the more affordable housing and increases supply of higher tier housing.
So maybe prices come down at the upper tier,
but the availability of cheaper housing evaporates.
That is what we've
been saying all along on this talk show. For years, we have been saying and ringing that bell
on this talk show. The opportunistic nature of the land upside. Yeah. He also pushes back a little bit on you.
What does Judah mean, weighted?
Habitat did not have any money.
It was the city's money.
And you mentioned Tuesday that Cav Crossing owners were shopping this around to everybody.
How did PHA and Habitat not know?
Bingo.
That's a good question.
I will, if you want to take it, make another bet.
I will bet you that Sunshine of Piedmont Housing Alliance
and Dan Rosenzweig of Habitat for Humanity
knew that Cavalier Crossing was on the for-sale block
because the owners of Cav Crossing were knocking on the door
of every multifamily potential buyer in town.
And we have to ask these two men, leaders of affordable housing creation knocking on the door of every multifamily potential buyer in town.
And we have to ask these two men, leaders of affordable housing creation and multifamily development in the greater Charlottesville area, if they knew of the $20,500,000 opportunity
of 520 units, Cavalier Crossing, and the Urban Ring, right across from their trophy development, Southwood.
And if they knew and instead went with $7 million for a trailer park,
64 dilapidated trailers falling apart, crumbling like aged blue cheese,
and went with that instead of, I didn't say Gouda,
instead of Cavalier Crossing, then that was a mistake, Judah.
Did they think it would be more difficult to drum up three times the money?
Potentially.
But if the city's just giving away loans, no problem.
Why couldn't they team a city loan with a county loan?
If you got $14 million down, you're going to find someone to finance $6,500,000.
Heck, I would even say this.
Piedmont Housing and Habitat for Humanity, if they took the $7 million bridge loan down from the city and said,
Hey, city, these are 520 units right on the urban ring.
These people work in the city.
Yes, it's in the county, but this is appealing to you big time.
The $7 million bridge loan from the city probably finances that deal.
$4 million is 20%.
25% is what? $6 million?
5.56, yeah.
30%?
6 million?
Right?
Something like that, yeah.
6 million and change, 30%.
They got 7.
And the last tidbit,
I was going to highlight this as well deep throat 15 acres for cab crossing
how many acres for the mobile home park was it six six acres for the mobile home park
we should be asking these questions we should be having these conversations and we should be asking these questions. We should be having these conversations.
And we should be pushing back on people and organizations that are using taxpayer resources and grants from the Commonwealth and donations from wealthy parties and donations from corporations and donations from businesses in central Virginia to scale their models.
Kevin Higgins says
the mall-side apartments will be next.
Would that be a bad thing?
Oh, what were you going to say there?
Don't worry.
What were you going to say there, my friend?
I already said it. What were you going to call there, my friend? I already said it.
What were you going to call the mall-side apartments?
I was just going to say that I was not being charitable with that statement.
Doesn't have the best reputation, does it?
No, we've all heard of the problems surrounding the mall-side apartments.
Right.
Similar problems we saw around Cavalier Crossing.
Jennifer Hopkins says this,
we're the wealthy activists
because we know Charlottesville is full of wealthy people
putting their money out there
to help keep people working, people in town.
She says, Charlottesville is expensive.
I feel terrible for these people,
but it's just our reality. It is our reality. Janice Boyce Trevelyan said, we did the tour
at UVA nine years ago, and not only were they anti-Jefferson, they were historically
inaccurate with Thomas Jefferson. Wow. I'll close with this.
Taking 520 apartments that appeal to working class people and pulling them from them by not renewing their leases is completely legal.
Say that again?
It's completely legal if you give the 60 days notice time.
Oh, yeah.
And I'll also close with this.
Those 520 folks, many of them are going to scramble to Eagle's Landing, and if they don't secure housing there,
they're going to either leave the Charlottesville-Almar Urban Ring because they can't find other affordable housing,
or they're going to find themselves in a homeless, houseless situation.
And the businesses that employ these folks,
some of them are going to lose their employees
and it's going to negatively impact their business models,
their hourly wage staff
that is quickly dwindling or diminishing
because they can't afford to live here.
No doubt.
But if you look at it from the county's perspective,
the county just got a boatload of tax revenue, incremental tax revenue.
Incremental tax revenue the county just got.
Yep.
And both Charlottesville City and Alamaro County just got a tenant base
that's much more deep pocketed and probably less reliant on tax resourced amenities
or stuff that's been provided by the jurisdictions
like public transportation.
AMI is going up.
Serious storyline there.
Last few items on today's talk show.
Henley principal, Henley middle school principal,
you want to set the who, what, when, where, why on this one?
Something smells so fishy about this story, dude.
Yeah.
The Henley Middle School principal had previously been charged a couple charges.
I believe one was basically child abuse.
That one has been dropped.
The one that's left is, I uh, I believe a salt and battery charge. Um,
and yeah, there's definitely something fishy about this. I don't, uh, I don't think you
better use the word allegedly. I didn't accuse anyone of anything. Um, I think, I think the
judge will probably drop this.
The one charge is dropped.
The other one has been postponed to a court date in October.
And I don't really see it going anywhere.
She was charged last month after a juvenile in her home came forward with allegations
the juvenile is saying 46 year old laruth ensley pinned him against the wall because they had a
fight over an ipad she used her left forearm to pin the juvenile against the wall while using her right hand to squeeze his testicles for 15 seconds,
causing severe pain,
post-traumatic stress,
and now the juvenile is fearful to be in her presence.
And he said, she said,
with an unfortunate circumstance of the he being a child.
Yeah.
This is all allegedly.
This happened in Henrico at her home.
This was the middle school principal of Henley until, what, five weeks ago?
About a month ago?
Yeah.
This is a mess.
July 7th, she was arrested. This is a mess.
July 7th, she was arrested.
A few days later, she was... Three days later, Matthew Haas, the superintendent,
announced that she was on leave due to personal legal matters.
I have to cover this story because we covered the story
when she was arrested and relieved of her principal
position at a western amoral middle school called henley so now we have to cover the story that the
abuse charge was dropped but she still faces an assault and battery charge yeah um is this does
this seem to be her kin her lawyer said there was no probable cause to support the felony child abuse charge
on the remaining
misdemeanor assault and battery charge.
No comment.
This happened in her home.
Over an iPad.
Is this a family member?
That's what
they've said.
What do we believe here?
Or do we want to go to the jump to conclusions map?
Or do we wait and see?
Let's start jumping to conclusions.
It sounds like it's a...
Oh, man.
Go ahead.
I wouldn't want to be wrong on this one.
I'm not going to jump to a conclusion.
You can if you want.
It sounds like it's a family member who's not in the immediate family. Nephew, something of that sort. Who knows?
Could be the families aren't that close or they've had issues in the past but uh this sounds more like a kid wanting to get revenge than an actual
serious charge but you know that's for the courts to decide and we clearly don't have
all of the details here that's we don't have all the details that's what i would have said
this is a he said, she said
with the he being a juvenile.
This is a terrible story.
I want to close the program
as you put the other lower third on screen.
We have a massive price drop
for 307 Alderman Road
in the Lewis Mountain neighborhood.
A $110,000 price cut, Judah.
This is right next to 303 Alderman Road.
That's going to be six luxury townhomes
developed by Evergreen, a local builder.
This piece of property, 307 Alderman Road,
the owner is a real estate agent.
He knows each day that this listing
sits active is another day this listing gets closer to construction starting at his neighbor's
house. It's an owner who is also a realtor, 307 Alderman Road. The longer this listing is stale, the closer his house is to a construction
site. And a construction site with six townhomes is not going to drive value for his house.
No.
Hence, the $110,000 price cut. And this is collateral damage
of the new zoning ordinance.
We have a face
to the new zoning ordinance
impacting a man's property value.
Today's show, not too bad.
Anything you want to close with?
No. No.
No.
I love when he says no on the talk show.
I appreciate that.
I respect your position.
Judah Wickauer, Jerry Miller, the I Love Seville Show,
Mexicali Restaurant, and Pro Renata, ladies and gentlemen,
give them a whirl.
Thank you.