Members of a state committee that voted on Wednesday to make an offer to buy the 1,100-bed emergency homeless shelter downtown might get a surprise when they find out what the building is worth.
That’s the amount the State Homeless Coordinating Committee agreed to offer to the nonprofit owner of The Road Home. And it probably would have been enough, if only the offer was made two months ago.
But under this year’s recently released county property assessment, the value of The Road Home skyrocketed, more than doubling its assessed valuation overnight. The building and land it sits on is now assessed at nearly $7.