Submitted by freetimerva t3_11dbjvx in rva
sleevieb t1_ja8h9xo wrote
Reply to comment by Charlesinrichmond in Kings Supermarket near Hillside Court burns down. by freetimerva
The crime killing strangling manchester is michael hildes white collar multi million dollar fraud not kids stealing candy bars.
freetimerva OP t1_ja8hqnd wrote
Unfortunately, franchisees and their insurers don't factor Michael Hildes when making their decisions.
Nor do kids stealing candy bars. They mainly factor violent crime... which greater Manchester suffers from.
sleevieb t1_jadkbl1 wrote
Gentrification has its problems but buying 18 commercial properites in one area with ill gotten gains and then leaving them stuck in bankruptcy limbo is worst case scenario.
Charlesinrichmond t1_ja8jogk wrote
not true. He may be a crook, but actually did a lot for manchester. And grocery stores aren't bothered by him, trust me.
Whereas shrink bothers the hell out of them
sleevieb t1_ja9a1c0 wrote
He bought the 18 most developable properties. Built 3 or 4 into half baked concepts and promptly got locked up.
The closest he came to a grocery store was turning the most beautiful grocery store building in town into a food hall. That never finished either.
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You defending this charlatan scamster felon is all the argument I really need to make. The man is a plague on manchester and the fallout from his crimes hang over every vacant storefront like a diseased cloud.
Charlesinrichmond t1_jadbppr wrote
which relates to grocery stores how? Have you lost track of your own point?
sleevieb t1_jadk1ua wrote
the properties that could've been developed into grocery stores are owned by him from his ill gotten gains and stuck in a criminal case/bankruptcy limbo.
readthistoyourmomma t1_ja98ibv wrote
Yep. Hull Street is basically stuck in limbo thanks to them.
DustySleeve t1_ja8hv9v wrote
whats his grift?
Charlesinrichmond t1_ja8mlql wrote
appears to have stolen money from federal goverment through his mortgage brokerage
sleevieb t1_jadklej wrote
DustySleeve t1_jaebh1v wrote
oh this is kinda familiar. idk what a reverse mortgage bond is, or really what a bond is except its not exactly what it was designed to be as i learned in civics class, but it sounds like he fucked over some banks, which who cares, but is bad because he abused ill-gotten leverage to become a super landlord with waaaay too many assets for one guy? looks like he figured this plan around the 08 housing boom n bust, so i get why rule abiding greedy flippers would be salty
sleevieb t1_jaecepu wrote
it is bad because he overpaid for the real estate and then did nothing with it. So all of the people that could have theoretically invested into that neighborhood were priced out and had to pick through worse lots.
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08 of course spread everywhere but was residential single family home focused where as hilde's fallout is commercial.
DustySleeve t1_jaehbua wrote
Oh thanks for explaining, yeah thats exactly what the area doesnt need.
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