Overcoming Historic Preservation Barriers: Stephen Chacko on Developing in Fort Worth
Podcast: American PotentialPublished On: Thu Oct 10 2024
Description: In this episode of American Potential, guest Stephen Chacko, a real estate developer from Texas, joins host Jeff Crank to share his story of navigating unexpected challenges after purchasing a property in Fort Worth. Chacko discovered that his multifamily apartment complex had a historical overlay—something he wasn’t aware of when he bought the property. This designation has prevented him from making necessary energy-efficient upgrades and safety improvements, ultimately affecting his tenants. Chacko discusses the economic hardships created by the historical designation and the difficulties in working with local authorities to find a resolution. Despite the setbacks, he remains determined to improve his property and create a better living environment for his tenants. Tune in to hear how Stephen is fighting against unnecessary regulatory barriers while working toward a positive outcome for his community. Check out American Potential here: https://americanpotential.com Check out our Spanish episodes here: https://www.youtube.com/playlist?list=PL8wSZydeKZ6uOuFlT_1QQ53L7l6AmC83c Facebook: https://www.facebook.com/AmericanPotentialPodcast Instagram: https://www.instagram.com/americanpotentialpodcast/ X: https://twitter.com/AMPotentialPod
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