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Home arrow News arrow Local arrow Sounds a bit like Modesto Redevelopment.
Sounds a bit like Modesto Redevelopment. PDF Print E-mail
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Submitted by Bill Taxpayer   
Monday, 24 September 2007

Amsterdam funds deal aimed at cutting prostitution

A non-profit corporation has purchased a large number of buildings where prostitutes pose in windows in Amsterdam's Red Light district in a deal that may lead to a third of the windows being shuttered. The move is intended to break a logjam in an multiyear effort by the city to cut back on the windows, which it says are a magnet for crime and money-laundering. Mayor Job Cohen says the move is not intended to get rid of prostitution entirely, since it is part of the area's history and a major tourist draw for the city.

Public housing corporation N-V Stadsgoed purchased 18 buildings with 51 windows for the equivalent of 35 (m) million dollars. That is around one-third of in the Red Light District, though there are other prostitution zones in the city. N-V Stadsgoed will redevelop some or all of the buildings and because they are not likely to be worth as much as housing or regular commercial real estate, the city has agreed to reimburse the corporation up to 21 (m) million dollars. "We don't know yet what's going to come in their place," Cohen said. "We're very busy making a development plan and we hope to have that ready by the end of the year."

Amsterdam has been conducting a crackdown on criminality in the city centre for nearly five years, using a 2002 law that forces business operators to disclose detailed accounting in order to have their licences renewed. The seller in Thursday's deal, Fat Charlie Geerts, was ordered by the city last year to close the windows because the city said he failed to meet standards. But he filed a legal protest and Amsterdam's District Court granted an injunction against closures while he fought the decision.

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Last Updated ( Tuesday, 25 September 2007 )
 
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