Reply to Muriel Bowser and Developers

Forum Index » Metropolitan DC Local Politics

Reply to "Muriel Bowser and Developers"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]There is a very interesting article in this week's Northwest current that puts public-private development partnership's in DC in perspective. The article shows that the DC government spent $1 million to reinforce the Tenley library structure  to accommodate a future condo structure on top, for what a consultant report showed would be at most a benefit of less than $300,000 to DC.  In other words, $700,000 of taxpayer money was spent at best to subsidize a project that would've returned far less to the District.  In reality it was wasted all together because most people agree that a condo building, which would cantilever over the Janney playground, will never be built on the site.  The wasted money aside, the PPP fiasco resulted in the Tenley library being closed for six years and a design that presents an ugly blank wall on the west side toward Janney.  The lesson is that monetizing DC assets for development doesn't always result in the expected returns and in fact may result in significant cost to the public.[/quote]

Similar invested economics caused the DC public library board (excuse the phrase) to "shelve" further consideration of a public-private partnership for development at the MLK library site.

In DC it seems, PPPs are about developers getting access to public properties on very favorable, even taxpayer subsidized, terms.   PPP = Preferred Property Pricing to political cronies.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics