Quote:
Originally Posted by Malloric
No.
Fiscalization is the driving policy today. Cities are only interested in spending money on things that they can charges taxes for. Central Park doesn't generate taxes. Why use public dollars on a public benefit when you can use them for private benefit of the politically connected and then charge him "taxes" of which 100% go back to the public funds for private benefits slush fund?
Typical private profit, public expense (or as they like to call it public-private partnership) has the public paying most of the cost for some supposed public benefit that just happens to coincide with paying for most of a politically connected corporate welfare recipient's -- err developer's -- project. The public interest is usually a bench, fancy lamp post, and a few flower boxes. Nice. Probably not worth tens of millions of dollars, however.
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Exactly. The McMillan Reservoir development plan is a good example of this. The District will put up $50 million to help Trammel Crow develop the site. This is what they plan to build all around a site that contains 106 years of history.
EYA Blog » EYA Adds Trammell Crow to McMillan Reservoir Team
It will be an urban oasis replete with a Corner Bakery, Radio Shack, Potbelly's, Chipotle, Urban Outfitters, Bank of America, Five Guy's and many other local institutions that make DC unique. They should do the same thing in Central Park. Just imagine how much more vibrant it would be with a Radio Shack or a TD Bank right where Tavern on the Green used to be.
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