There was a time when Tiffin University Officials played fair and honorably` in Tiffin, Ohio. Remember when they wanted to create that nicely landscaped walkway through what is now the North Campus? That area used to be called "Jackson Street" and was home to about a dozen taxpaying home owners. Tiffin University negotiated the purchase of the last of those properties about 20 years ago. Since they purchased the entire block on both sides of Jackson Street, they petitioned Tiffin City Government and were rightfully awarded that part of the public street through a "vacate" ordinance. No one else had a claim to that end of Jackson Street as it dead-ended at the railroad tracks.
Tiffin University followed the same rules for vacating the alleyways that split Jackson Street about halfway down the block and again for the alley that ran parallel to the railroad tracks. University buildings now sit on those former alleyways of the North Campus.
Again-and-again, Tiffin University Officials negotiated the purchase of more properties and used Tiffin City Government "vacate" rules to capture many of the other neighborhood alleyways that used to abut private property. As Tiffin University has grown and prospered with its enormous additions to student population, buildings and financial clout, its appetite for real-estate has fueled a lucrative neighborhood market for real-estate rentals and growth in property valuations.
As Tiffin University has captured more and more real estate through "vacate" ordinances, their purchases of bordering private properties is getting significantly more expensive with time. If you believe in free enterprise, own property, and have been paying attention to property values in the neighborhood, you can't help to smile with glee on the news of the "deals" Tiffin University has made with some of your neighbors!
The so-called "deals" are only partially reported in the newspaper, because they are too financially complex, and would require the Tiffin Advertiser -Trubune to publish about 100 lines of text instead of the one-liner "Property Transfers" that are traditional. Besides, private owners and Tiffin University Officials do NOT want the public to know that they have agreed on sale compensation packages that have been valued at nearly 200 thousand to 500 thousand or more dollars. These same homes, if located away from the University by only two more blocks, would not be valued at half the "deal" compensation. Needless to say, the real-estate professional practice of valuing property by "comps" (comparing recently sold and similar properties) does NOT apply in the Tiffin University neighborhood. This is the reason that property owners, if they can set any jealousy aside, will smile with such glee! They know that one day, their long term determination, foresight to invest in the neighborhood, or luck will eventually see them likewise rewarded.
Because of its success, Tiffin University Officials, sometimes acting in the dual capacity as Private Property developer, have the opportunity to create good will and share their new-found wealth with Tiffin Citizens in the neighborhood. They can afford to buy homes, even at the extraordinary valuations that they created, because they are bursting with resources and know-how and can recover their investment in only a few short years. This "financial machine" is made possible because of the increased cash flow from various fees they charge the continuously growing population of students. It is no secret that college students are a lucrative business.
So, with Tiffin University's wildly successful wealth-generating machine, civic leadership, political clout, and know-how; why are they jeopardizing their own and other's reputations by flogging the five remaining private property owners out of their rights to use the Jackson/Miami Street intersection?
Why is Tiffin University by-passing the normal procedure on Jackson Street for securing a "vacate" ordinance from Tiffin City Council? Why are they taking preliminary Eminent Domain Action against the Monaco Family?
Why does the Miami Street Project from Ordinance 07-70, if allowed to go through, abuse the many neighbors of their right to use Jackson Street, enjoyment of the mature shade trees, and suffer other indignities?
The answers are simple if you think about them. Tiffin University Officials could choose to do the right thing, but how would they save face? That too, is simple. [Just think about it and it will come to you, Dr. Marion.] Please act before it is too late. Not even the Monaco's want TU to fail. They just want to stop the abuses to their family and the neighbors...and so does most everyone else.
Please Vote 'NO' on the Miami Street Project Ordinance 07-70 Referendum.
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