FDP seeks fresh opportunities in acquiring the land for the paper factory
In an effort to address the growing housing demand in Pforzheim, the Free Democratic Party (FDP) fraction has proposed repurposing the former Dillweißenstein paper factory site into a residential area.
Proposal Overview
The FDP fraction, led by Hans-Ulrich Rülke, aims to modernize the urban landscape and utilise underused industrial land by converting the paper factory site into a residential area. The objective is to create new living spaces, contribute to the city's development, and help alleviate housing shortages.
Cost Considerations
The plan involves significant costs, including land acquisition, demolition, environmental remediation, infrastructure installation, and residential construction. The FDP is ready to invest "a good million" in the development, which may result in a "small minus" in the city's budget.
Current Status
The proposal is currently in the planning or early approval stages. Discussions are ongoing between the city council, FDP fraction, and potential developers. Environmental assessments and urban planning permissions are essential before construction can commence.
Potential Impact on Pforzheim Housing Market
The conversion of the paper factory site into a residential area could increase the number of available residential units, potentially easing local housing shortages. It offers an opportunity to create a mix of affordable, family, and perhaps senior housing, depending on planning goals. The increased supply could stabilize or moderate rental and purchase prices.
Revitalizing a derelict industrial area could boost neighbourhood appeal and property values nearby. However, increased population density might pressure local infrastructure, requiring upgrades in transport, schools, and utilities.
Recent Developments
In a recent turn of events, the owner, Bernhard Rieser, withdrew from the purchase agreement with a Viennese investor due to the investor's failure to pay the real estate transfer tax of 675,000 euros. The FDP fraction is now considering purchasing the site and is ready to offer an absolute upper limit of 1.3 million euros.
Monika Descharmes, spokesperson for the FDP fraction, has stated that the interest rate environment and construction cost prices have developed negatively since the appraisal was created. Despite this, she believes that a return of about 44 percent on the purchase price is "not a bad deal" for the current owner.
The FDP wishes for a swift start to negotiations to enable a quick decision in the city council. It is crucial to note that the article is archived on the website, and some information provided may no longer be current. For the latest detailed figures or official documents, I recommend checking Pforzheim city council records or FDP local communications.
New construction activities have practically come to a standstill, making the FDP's proposal even more timely and necessary for Pforzheim's housing market.
The FDP fraction is considering investing "a good million" in the repurposing of the former Dillweißenstein paper factory site, aiming to convert it into a residential area with potential to alleviate Pforzheim's housing shortages through increased housing supply and stabilized/moderated rental and purchase prices. The FDP's proposal also involves investing in the area's real-estate sector, as they are contemplating purchasing the site, with an absolute upper limit of 1.3 million euros.
