Reply to Tony Williams takes DC Govt to task for failing downtown and budget mismanagement

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Reply to "Tony Williams takes DC Govt to task for failing downtown and budget mismanagement"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Funny people criticize Bowser’s relationships with developers when all her predecessors starting with Tony were significantly worse. Tony had to sell DC to developers to balance the budget. At the time, it made sense, but still he did it. She’s now facing different challenges since the pandemic and downtown has to be managed differently with a lot of companies still on full telework.[/quote]
The whole point of the letter from the Federal City Council, which I encourage you to read, is that DC is in the process of mismanaging its finances in the post-COVID recovery in significant ways that can have long term implications on its fiscal position.
https://www.federalcitycouncil.org/wp-content/uploads/2022/11/Letter-to-CFO-Glen-Lee-on-Commercial-Property-Vulnerabilities-11.14.22-final.pdf

If the DC Council keeps spending like a drunken sailor while the revenues continue to decline, the implications are that there is a risk that the Control Board could be reinstated.

If you don’t want the Control Board to come back, you should be calling on your representatives to follow the recommendations of Tony Williams.[/quote]

There is no risk that the Control Board will be reinstated. And let's remember to take Tony's advice for what it is now -- the official opinion of an organization that represents the city's biggest business interests. That letter makes some useful points, but it's not just an elder statesman weighing in out of concern; one of the arguments it makes is that business owners want property tax assessments lowered. It's also not exactly surprising that a group that includes a lot of real estate developers is worried that the city isn't doing enough to get downtown workers back to offices, i.e., tenants back into expensive office space that companies might otherwise want to renegotiate their leases on.[/quote]

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