And why would DC help out Ted in this situation? |
I think you're probably a bit naive, or gullible when it comes to politicians. It's also quite clear that you don't live near or navigate through Potomac Yards frequently. It is already a big clusterfark, What transportation "framework" are you an optimist about? The brand new metro station has already been deemed inadequate to handle stadium visitors. The roads cannot be widened. There is no solution--period. People are not going to want to take the blue/yellow line to a station that, again, will need to be heavily modified even though it's less than a year old. The roads cannot accommodate increased vehicles - it already takes people 20 minutes to drive a mile during rush hour (thanks, Maryland drivers). A performing arts center with retail, dining, housing, is one thing. A massive sports arena is another, and there is no positive outcome for the neighborhood for this. The financials are also based on people wanting to come out to PY in the first place - it simply isn't accessible. |
| Was just at the arena to see the Wizards and there is absolutely nothing wrong with the current arena. It's clean, in good shape, wasn't crowded. I see no reason why my tax dollars should support a new one. |
Why would they not want to take a $100 million payment or so and delay demolition if they have the chance? |
+1 |
This is the best laugh I've had all day. https://wtop.com/alexandria/2024/02/analysis-of-potomac-yard-revenue-may-overestimate-virginia-profits-economist-says/ |
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Lots of derision in here from armchair economists. I get that’s what this place is all about, but it’s still amazing folks think their side is the only one worth considering.
Folks who have watched how things work for a minute know this project is going ahead. Can’t wait to head to my first concert there in about four years. |
I doubt $100M is enough. |
+1 I laughed out loud when I read that.
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And 15 years from now when Virginia's finances are a shambles, I guess we can all come back here and say "gee I guess the economists were wrong" |
Well, however much it is — if the arena in Virginia is a year away and he needs a place to play, he'd pay it. |
Even if this is a huge loser, a $1.6B charge won’t leave Virginia’s finances in “shambles.” And it won’t be a loser. It’s fair to be skeptical of the potential ceiling for the economic benefits, but I don’t think this thing leaves VA or ALX holding the proverbial bag. |
When you total it all up, it is closer to $5billion, but okay. |
I dislike this project, but totally agree with you, it's going to happen. |
Whether it happens or not, no one knows. But I know that I will not attend Caps or Wizards games at PY. Not worth 80-90 minutes of travel time each way. |