Wealth & Poverty Review | Page 2

Steve Hickey was stripped of his duties as a Ravensdale volunteer firefighter. It seems like controversy always follows this guy. But he still remains a Commissioner since it’s an elected position. Regardless, Hickey is now being pressured to quit. The findings from an independent investigation into Hickey were supposed to be released this month but it’s now been delayed. Unclear why. The next Ravensdale Fire board meeting is December 10.

Last week, GRE Downtowner, LLC (GRE) filed a lawsuit against the City of Seattle, arguing that the city’s policies have destroyed the livability and economic viability of GRE’s Addison on Fourth apartment building. The Addison on Fourth is an affordable housing building nestled between Seattle’s historic Pioneer Square and Chinatown-International District. The lawsuit alleges that the city has forced the Addison to either continue operations in service of a public good at a massive private loss, or to shut down operations entirely. Both options GRE describes as “disastrous.” To understand why a privately-owned housing building is in default, facing over $40 million in liabilities, and “hemorrhaging money,” in an affluent west-coast city, we must look at a series of Seattle Read More ›