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Recognizing that the proposed restaurant development represents a net loss of housing (affordable or otherwise), the Key West City Commission agreed to research other options for the property... such as (we can hope) affordable housing.  From the November 13 Key West Citizen:

City staff examines options for Caroline Street property

By TIMOTHY O'HARA

keysnews.com

KEY WEST -- Plans to build a restaurant and eight affordable apartments on the decrepit site of the former Plantains restaurant are being put on hold so city officials can research other options for the Caroline Street property.

The city commission held a workshop Wednesday night to discuss options for the property, which included the restaurant and affordable apartments idea, erecting 15 to 18 affordable housing units, building a parking lot and creating a park. The commission directed city staff to review all options and create a written overview. The Key West Bight Board will review the documents and bring recommendations to the city commission.

Since local entrepreneur Ed Swift proposed building the restaurant and affordable apartments, the commission and residents have been divided on what to do with the building, which has become an eyesore for neighbors and haven for the homeless.

Under Swift's plan, he would pay $1,000 a month and $1.25 million to build the new structure. The city would retain ownership and lease it to Swift for 20 years.

Commissioners Harry Bethel and Carmen Turner do not support Swift's plan because there is not enough affordable housing to justify the low monthly rent, they said. Both commissioners and some residents favor putting all affordable housing there.

"The biggest need is affordable housing," Bethel said.

City Planning Director Ty Symroski and Commissioner Merili McCoy cautioned commissioners about taking commercial business out of the picture. They feel that the area will grow as a commercial hub and the city could one day make a lot of money by leasing the property as a restaurant.

People have called Caroline Street "the next Duval Street," McCoy said.

"Every day that it is vacant is costing us money," McCoy said. "It [affordable housing] will not give the city the best return to the taxpayer. It's the wrong kind of element for that area."

By having both a restaurant and affordable housing, the city could have the best return on its investment, Symroski said. He also said mixed use would be the idea most supported by the state Department of Community Affairs, which monitors growth in Monroe County.

tohara@keysnews.com

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