The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1918-01-25

ically hundreds OF our citizens. long re-
siding here, vii cease putting of long
deferred purchase OF a home site and
will help out the situation by building
a home for themselves. Each home built
Will release a house or a flat to one Of
the incoming strangers.
know several people who have con
templated building flat buildings but
have been discouraged or deferred from
doing so by the fact that Hammond.s
growth has been so slow. These people
when they see thousands OF strangers
paying premiums for places to live VIII
get busy.
Vow as the real estate dealers. ma
terial men and contractors and merch-
ants prosper by this activity. they in
turn should and viii turn a part of
their profits into building enterprises
That IS the only thing that Will make
Hammond the live town that ii ought to
be.
The Hammond Chember Of Commerce
has adopted as its slogan: One Thous-
and Houses For Hammond in 1918" II
It follows this UP By coordinate efforts
this objective can be reached. These
Efforts should be along the following
lines:
J. Outside capital 70 the amount Of
s~75o.00o.00 to $1,000. 10000 must be
brought into Hammond from some
source and must be loaned out on the
basis Of IS Per cent Of the actual cost
Of the completed building and lot at a
reasonable rate Of interest.
?. The plans must be city-wide in
their score and all Of the real estate in
tereets Of the city must be considered.
All available subdivided property should
be given equal consideration.
3. Hammond must be given Something
Of the same kind OF general publicity
that Gary succeeded in getting and
which brought millions OF dollars OF
outside money into that city for devel-
cpment purposes.
The result, IL this program is car
ried out. viii be beyond the greatest
expectations OF the people Of Hammond.
If a thousand houses are built in
Hammond south os the river, north or
the present city limits and between
State Line street and Columbia avenue.
they will fiji up practically every va
can't lot in the territory outlined above.
Why haven't realty values increased
IN Hammond? Those thousand vacant
home sites IS the answer TO the cues
ton our building operations have been
going on slowly and Intellectually Cust
like Hammond always moves) absorbing
800 TO $50 homesites a year.
For twenty years Hammond has been
over-subdivided. For twenty years Ham
mond has been trying to ill up its va
cant spaces. At the present rate we are
going il viii take four years more he
fore the vacancy will be reasonably alb
sorbed and the demand for lots will be
more insistent than the offers to sell. |
But If the Hammond Chamber Of!
Commerce. backed up by the citizens of
the city. succeeds in building its 1000
houses in 1918, the our years building
program WI be encompassed IN one.
Then what VIII happen? Let's take
Whiting for an example. Whiting is
hedged in by Hammond and East Chi
cago with no room for expansion. Whit
ing IS the most intensively developed
city in the Calumet region for that rea-
son. Accordingly ordinary inside lots
on Oliver, Sheridan and Laporte avenues
are bringing 10000 a front foot.
Think of that with Holman street lots
in Hammond selling for $4,000 to 5000
a front foot with a beautiful Country
club but a block away and tho finest city
part in the region in the vicinity.
SO our thousand houses would give
the more intensive develop
ment that must come before realty val
ues increase alarmingly. But give us
those 1000 houses and every lot on the
south and southeast sides will increase
from IS to 90 per cent in alu
No man is going 70 pay 100000 for a
choice residential lot when the one next
to it can be bought for $4,000. No
subdivision is going TO sell out at fair
prices when another Of the same char
scter is being offered at sacrifice prices.
And your subdividers are your real city
builders.
Wei. how does this situation affect
the man who already owns his own
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