Wednesday, September 26, 2012

Ori Feibush, Philadelphia Real Estate Developer, in Hot Water After Refurbishing City's Vacant Lot

A Philadelphia businessman took $20,000 from his own pocket to transform a trash-filled city-owned lot overgrown with weeds into a beautiful outdoor mini-park. Long-frustrated neighbors sang his praises for his deed -- but the city calls him a trespasser and is threatening to take him to court, the Philadelphia Daily News reported.


Ori Feibush (pictured - see link), a real estate developer, had tried to buy the neglected 1,600-square-foot lot for years, but the city wouldn't let him. According to ABC News, Feibush was preparing last month to open his own coffee shop adjacent to the rundown lot -- with its cracked and broken sidewalks -- and that's when he decided to take matters into his own hands.

"I didn't wake up one morning and spend tens of thousands of dollars to remove blight that was a danger to residents and customers," he told ABC News.

Feibush did go to the Philadelphia Redevelopment Authority to reveal his plans for the space before initiating the $20,000 venture. He said that the agency told him that it would take care of cleaning the lot and that he did not have permission to enter it.

READ MORE:   http://realestate.aol.com/blog/2012/09/19/ori-feibush-philadelphia-real-estate-developer-refurbished-vacant-lot/?icid=maing-grid7|main5|dl18|sec1_lnk2%26pLid%3D208768/?ncid=txtlnkusaolp00000058?test=latestnews

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