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Friday, April 30, 2010

Real Life "Up" House Is Having A Hard Time Getting Off The Ground

The 100+ year old bungalow style home previously owned by Edith Macefield, who turned down a $1 Million offer to sell her home to developers in Ballard is running into a few issues reaching new heights. The current owners want to raise the home to be 5 stories tall. To fund the project they are selling tiles between $250 and $1,000 but have had limited interest. The tiles would be displayed in the new building and would feature the purchasers name and credo. "Credo Square" as it is called would be open to the public during business hours and feature many plants and water features. Only a few tiles have been sold so the current owners are looking for additional funding from traditional lending institutions and private investors. Learn more about Edith's story here, the current project here and here.

Would you turn down a $1 Million offer like Edith? What do you think of the current plans for the home? What is your credo?

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