Perrysburg Blog

Why?

The casino is coming . . . details here.

Why is that bad news?

Inevitably, after a 2 year latency period, the incidence of crime against people and crime against property increases.

Every time.

Everywhere a casino is built.

You can count on it.

Build one in Wood County?  Along the Maumee.  Or in the “Golden Triangle”.  And there will be negative, deleterious effects on the values of Perrysburg homes.

You can “BET” on it.

The scholarly  paper on this is interesting reading.  And sobering reading.

Here is the paper by Earl Grinols and David Mustard.

The casino lobby will never stop.  They will try and try and try – stopping only when they have fooled enough people.

Things will be great.  For a couple of years.

Then the neighborhoods closest to the “Crossroads Casino” will start to be negatively effected.

That negative trend will then metastisize and spread.   From Starbright to Belmont to Three Meadows and beyond.

Theory?  Supposition?  Hardly.  Read the literature.  (page 14 shows how MILLIONS in lost property values is the result of the “jobs creating casino”.

Bring on a casino I say.

But build it RIGHT NEXT to the Toledo Correctional Institution on East Central.

Crimes against people.

Crimes against property.

Visitor crimes.

Criminal gambling.

Costs of addiction to gambling.

Increased rapes.

Increased police costs.

We neither need nor want these things in Wood County.

The day they get their way is the day we start to pay.

Usually 1 time a month the Sheriff of Wood County has a duty to do.

(Unashamed plug: Vote for Sheriff Mark Wasylyshyn’s Reelection in November. Honest and brave and incorruptible. All true. But he also is a BUDGET HAWK who cuts and cuts and cuts waste and fraud. A graduate of free-market loving Hillsdale College (www.hillsdale.edu) The Sheriff HAS to do the Sheriff sales – it’s part of his job. Most fob it off on others. But not Waylyshyn. He PERSONALLY handles it. So – he needs to be reelected, in my opinion. A great leader and a great sheriff.)

Anyway. I digress.

Sheriff sales.

Horrible data to study and rely on.

Inaccurate.

“Laggy”.

Not a full picture.

Subject to “take aways” – it was a foreclosure but we pulled the auction and did a short sale – it was a foreclose but they filed for BK and tied us up for 90 days, etc.

The “laggy” part happens because the banks are getting around to the sheriff sale part 90 to 180 to 270 days after the late payments and slow payments and defaults and work outs and other various and sundry means and methods have been tried to get their money from the mortgagee.

The sheriff sale is it. No more talking. We are done. (Not really. They will still talk – but that’s another story, for another time!).

So the Sheriff of Wood County has been busy lately.

How busy?

Note the trend.

Up and up and up.

But keep in mind the lag effect.

And the unseen pull backs and delays and push backs. So this unscientific and admittedly crude chart is not totally accurate.

But it shows the tempo of the market. And the pace of Wood County Sheriff Sales.

And the people who have been paid millions of dollars of salary and bonuses to run their companies into the ground?

In my opinion they should be forced to disgorge those ill-gotten gains. They should see the carnage their financial alchemy has created here on the ground in Wood County Ohio. People have suffered. People have been misled into buying and borrowing. Oh, they signed and were disclosed. But the destruction we are all witnessing HAS to have consequences.

Beyond just the Sheriff saying “SOLD to the high bidder.”