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VII . R-4 ZONING IS UNNEEDED. <br /> There is certainly no shortage of multi- <br /> unit residential housing in Dane County, Wisconsin. A <br /> trip through the near South and West side of Madison <br /> makes that obvious ; as well as a glance through the classified <br /> ads of any Madison newspaper. This is not a situation where <br /> the community either needs or desires in any sense multi- <br /> unit housing of the nature contemplated. <br /> VIII . R-3 ZONING PRESERVES A SUBSTANTIAL ECONOMIC <br /> BENEFIT TO THE OWNER. <br /> One of the anticipated counter-arguments is <br /> that somehow the owner ' s economic interest would be injured <br /> by a change from R-4 designation to R-3 Zoning designation. <br /> However, the owner is losing something he never had. There <br /> is no vested interest which the owner has, or rights , which <br /> enable him maintain a particular kind of zoning for the prop- <br /> erty. It is the public interest which must govern. <br /> In this instant case we have a very short- <br /> term opportunistic speculator-type owner. The owner pur- <br /> chased the property well aware of the established single- <br /> family residential characteristics of the surrounding <br /> neighborhood. <br /> The owner will be able to reap a substantial , <br /> handsome profit by developing the parcel in question for <br /> single-family residential construction under R-3 Zoning. <br /> It is anticipated that at least ten high-quality lots can <br /> be developed and possibly more . While a single-family <br /> residential development may not be the ultimate preference <br /> of the area property owners , that also is not the issue . <br />