Dave Chappelle buys 19 acres land small Ohio village where he lives block $39m


Dave Chappelle has purchased a block of land in the small Ohio town where he lives in an attempt to stop a building firm from constructing a $39million development in the area. 

The new development would potentially have reached right up to the border of Chappelle’s property, according to zoning plans.

But now it appears the comedian has purchased around 19 acres of land in Yellow Springs, which had previously been owned by Oberer Land Developers, Ltd. 

Oberer’s grand plans that would have occupied some 52 acres. 

It’s believed Chappelle owns the southern portion of the block of land in order to create some distance between his own property and any new construction that may arise.

Dave Chappelle has purchased a block of land in the small Ohio town where he lives in an attempt to block a building firm from constructing a $39million development in the area

Dave Chappelle has purchased a block of land in the small Ohio town where he lives in an attempt to block a building firm from constructing a $39million development in the area

Chappelle has now bought 19 acres of land in the small Ohio village of Yellow Springs where he lives and plans to build his own restaurant and comedy venue

Chappelle has now bought 19 acres of land in the small Ohio village of Yellow Springs where he lives and plans to build his own restaurant and comedy venue

In February, Dave Chappelle was emotional as he spoke at the Yellow Springs Village Council opposing a plan that he believes would be bad for the community, and also neighboring his own home

In February, Dave Chappelle was emotional as he spoke at the Yellow Springs Village Council opposing a plan that he believes would be bad for the community, and also neighboring his own home

Chappelle’s publicist told YSNews that Chappelle has bought some land, however they did not clarify how many acres in total the entertainer had purchased. 

Some clues exist on the Greene County Auditor’s Geographic Information Systems website which confirms 19 acres of land previously a part of Oberer’s development plans are now instead linked to Iron Table Holdings LLC, Chappelle’s company.

The website lists the price of the 15 parcels as $1,715,000. This is the price Oberer paid for the entire 52 acres in November 2020 from the previous owner. 

It is not known how much Chappelle paid for his slice. 

The remaining 33 acres is still held by Oberer, although it is now unclear exactly what the developer will have in mind for what is a greatly reduced plot of land. 

In February Chapelle made clear of his strong opposition to the new housing development and threatened to pull millions of his investments from the village of 3,700 people, if the project moved forward.

But now it appears an agreement has been reached that has seen Chapelle purchase 19 acres of the land for himself in order to stop any future development on the plots closest to his own estate according to TMZ.

Although the local council had approved the development by Oberer to go ahead, Chappelle’s purchase has now either blocked or at the very least curtailed some of those plans. 

The new development would have potentially reached the border of Chappelle's property, according to zoning plans. Chappelle has now purchased the southern portion of this land

The new development would have potentially reached the border of Chappelle’s property, according to zoning plans. Chappelle has now purchased the southern portion of this land

Chappelle, who is worth an estimated $50 million, lives on the outskirts of Yellow Springs on a 39-acre farm in a three-bedroom home which he bought for $690,000 in 2015. 

The new development would have potentially reached the border of Chappelle’s property, according to zoning plans.

Chappelle, meanwhile, has his own plan to covert an old fire station into a restaurant, called Firehouse Eatery, and comedy club, called Live from YS. He bought both properties for a combined $1.1 million in 2020. 

Chappelle’s company, Iron Table Holdings LLC, is spearheading the project. 

WYSO, the National Public Radio affiliate located in Yellow Springs, also plans to move into offices in the former Union Schoolhouse, which Iron Table Holdings owns, in 2023. 

An artists impression of the model neighborhood proposed for the Ohio village of 3,700

An artists impression of the model neighborhood proposed for the Ohio village of 3,700

The development project he had opposed involved more than 100 homes priced from around $250,000 to $600,000, a massive project for the village and one that opponents say does not cater to those currently living there. 

The plans would have consisted of 64 single-family homes, 52 duplexes and 24 townhomes with an additional 1.75 acres to be donated to the community for affordable housing to be built later, according to the Dayton Daily News.  

Chappelle himself has not articulated the reason for his opposition to the development, but his ally in town has previously said that the project is designed to serve people from elsewhere in the county, rather than Yellow Springs. 

‘It’s clearly not designed for the benefit of the villagers,’ architect Max Crome, who works with Chappelle on his business interests in the village, told the Dayton Daily News      

‘The developers rushed the project, and got a sweetheart deal with council that was not properly vetted,’ the person said. ‘It doesn’t even include affordable housing.’ 

Affordable housing should cost an average household one-third or less of its total income. The average household in Yellow…



Read More: Dave Chappelle buys 19 acres land small Ohio village where he lives block $39m

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.