Hospitals are having their power shut down.
But thankfully Jerry World and all things Super Bowl are safe.
How is this not reckless endangerment? Or at least grade A douchebaggery?
Plausibly Undeniable
Hospitals are having their power shut down.
But thankfully Jerry World and all things Super Bowl are safe.
How is this not reckless endangerment? Or at least grade A douchebaggery?
He says things like this:
But if we hope to continue to attract world class businesses and corporations to Dallas and avoid bigger cuts in future budgets, the answer is clear: We must increase taxes in order to preserve and enhance the quality of life for all our residents.
Seriously.
This is the kind of ignorance of basic business 101 that rivals former Dallas City Councilman Leo Chaney, who once told me that investors would build another Mockingbird Station in his district if only he got the area zoned for it. Never mind things like demographics, traffic, demand, or any of the other fundamentals retail developers weigh.
Every time there’s a budget crunch, they cut the kind of services that anger people enough to where they accept a tax increase — cutting library hours, community pools, park maintenance.
What they don’t do is cut, or don’t cut enough, is where it counts — city payroll and civil service pensions.
Oh, and how’s that $500 million city-owned hotel working out? Glad they’re spending half a billion smackers on that?
Last year I told you that the People’s Hotel — the planned half a billion dollar city-owned convention center hotel — was a financial quagmire in the making, supported by people who don’t know the first thing about business and don’t care how much money they waste since it’s not their money.
The convention center hotel is a project for which there is no demand, and it’s the taxpayers of Dallas who will be on the hook when it tanks. Meanwhile, Convention & Visitors Bureau Philip Jones will be cashing his checks and skipping on out of town like Robert Preston.
Guess what? The house of cards is beginning to tumble.
In January the U.S. Treasurer, Rosie Rios, traveled to Dallas to join local officials at the construction site of a new convention hotel being built with money raised through Build America Bonds. The purpose was to celebrate the success of the so-called BABs, which are federally-subsidized bonds created by the 2009 stimulus package.
Of course, what no one at the Dallas “celebration” pointed out is that the $388 million in BABs that the city floated with federal aid were necessary because no private developer would cough up the money for the risky project. In fact, local officials wanted to build the controversial hotel because years of frenetic, publicly financed convention center construction by cities had saddled the country with much more meeting space than it needs, and now meeting planners are telling cities they must to ante up money for additional amenities, like new subsidized hotels, or risk losing business.
This is what passes for success in Washington these days, where apparently any level and manner of publicly subsidized debt for any kind of dubious project is considered a home run.
The City of Dallas is eying private property and, like a guy with a pocketful of roofies, isn’t going to let a simple “no” stand in its way.
It’s a small rectangle of asphalt 25 feet wide and hardly big enough to squeeze a tractor-trailer on. It sits on Young Street, just west of Lamar Street, and is surrounded on three sides by walls protecting the construction site of the city’s convention center hotel.
The land isn’t needed to build the hotel. But it will be necessary for City Hall’s larger vision of a development complete with shops and restaurants and rail lines.
And even though they’re trying to lawyer their way around state law which prohibits theft of real estate eminent domain for economic development, they’ve already admitted the truth.
But city officials acknowledge the land would help support the hotel project, and there’s little question the hotel project is about economic development.
I thought we’d had enough of this nonsense after Kelo which, as a project, ended about the same way the government-run hotel will, if every case study in history is correct.
Via Angela Hunt:
Why More Debt Is A Dumb Idea When You’re Broke
You know, the devil’s in the details when it comes to just about everything. Especially government, and most especially, government budgets. Take next year’s proposed city budget.
I’ve been through this thing line by line, with a fine tooth comb, ever since we got the “final draft†in early August. It’s a lot to digest. Lots of numbers and all. But some numbers are more important than others, and right now I want to focus on debt and its effect on our bottom line.
The city borrows money to make major infrastructure improvements, like constructing new libraries and police stations, building new roads, putting in new playgrounds in our parks. These are bond projects approved by voters. When we borrow money for these projects, we’re essentially putting them on the city’s credit card…
I’m shocked, shocked to learn that supporters of the People’s Hotel at City Hall lied to Dallas voters about the updated feasibility study.
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