Motels no more: Influx of affordable housing planned on troubled Tacoma corridor
Aug. 31On a South End Tacoma commercial corridor in an economically distressed area where crime has unnerved businesses and neighbors, a $30 million market recently sprung up.
The product is real estate. More specifically, motels.
Five former motels on South Hosmer Street have been sold since June 2021, with each now poised to transition into low-income housing, according to interviews, property records and an online listing.
They include the Econo Lodge, the site of two homicides this year one after it sold and the Howard Johnson, the site of another. The corridor's two other homicides in 2022 occurred at other lodging establishments not sold. The violence has underscored broad concerns from area businesses and neighbors about the street's safety.
https://www.msn.com/en-us/money/realestate/motels-no-more-influx-of-affordable-housing-planned-on-troubled-tacoma-corridor/ar-AA11k1NB