Dave Chappelle Buys 19 Acres to Block a Million-Dollar Residential Project

Dave Chappelle, who lives in Yellow Springs, Ohio, seems to be going the extra mile to stop builders from building a subdivision near his house.

News says the comedian paid $1.7 million for 19 of the 52 acres that Ohio-based Oberer Land Developers had already bought.

The news outlet was sure of the data after looking at the property information on the Greene County Auditor’s Geographic Information Systems website. Chappelle’s publicist, Carla Sims, also confirmed that he bought land, but she wouldn’t say how much he paid for the land now connected to his company, Iron Table Holdings LLC.

According to a report in the Daily Mail, some people think that Chappelle, worth about $50 million, bought the land to put some space between his property and any new buildings.

As was said before, Oberer bought the land in November 2020 to build a residential neighborhood. On the development property Chappelle is against, the company planned to build townhomes, duplexes, single-family homes, and units for low-income people.

According to the Daily Mail, the village council had okayed Oberer’s plans to build, but it looks like Chappelle’s land purchase has stopped or changed some of those plans.

He has been in the news frequently because he has spoken out against the Yellow Springs housing project. At a town hall meeting in February, Chapelle and the other 3,700 people who live in the area talked to village officials about their worries about more traffic near homes and the safety of young people who walk to school.

The layout of Chappelle’s restaurant and the comedy club next door, bought by Iron Table Holdings LLC in December 2021, was shown in the Dayton Daily News last year. In the same month, he said that if Oberer’s plan were approved, he would stop investing in Yellow Springs. Chappelle has business investments in the area worth $65 million.

He said, “Of course, I live behind the planned development.” I do have a lot of business in town. I’ve put a lot of money into the town. If you go ahead with this, what I’m putting my money into won’t work anymore. ” He said, “And Oberer can come to buy all this property from me if they want to be your benefactor because I won’t anymore.”

The Daily Mail said that Chappelle lives on the edge of Yellow Springs in a three-bedroom house on a 39-acre farm that he bought for $690,000 in 2015.

Oberer had planned to build a housing complex for $39 million on a 52-acre piece of land. There would be townhomes, duplexes, single-family homes, and units for low-income people in the development.

The plan was to build more than 100 homes that cost between $250,000 and $600,000. One of the reasons why people didn’t like the plan was that homes in this price range didn’t qualify as affordable housing. “A typical family should spend one-third of its total income on affordable housing. According to the Daily Mail, the average house in Yellow Springs costs about $215,000, and the average household makes about $61,522 a year.

According to the Dayton Daily News, the plans called for 64 single-family homes, 52 duplexes, and 24 townhomes. An extra 1.75 acres would have been given to the community for building affordable housing in the future.

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