Heavy Lifting - thoughts and web finds by an economist
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Wednesday, November 03, 2004
Whether Arlington or Dallas or Price [Dallas County Commissioner] and Miller [Dallas Mayor] will have the last laugh will depend mightily on whether the new stadium turns out to be the powerful generator of residual development and visitation attraction that it's billed to be. The potential clearly is enormous.
Some interesting tidbits in the aftermath:
Stadium construction is slated to begin in 2007 or 2008. So, we get taxed for five years before the stadium is even built.
Talk about David vs. Goliath. Lesson to be learned by other anti-stadium subsidy groups - you have to spend money. It is understandable that inidivudals will not spend lots of money on advertising, and even that individuals will not contribute a lot to the anti-subsidy groups. However, this is what non-profit think tanks, and the like are for, right?
The surrounding cities are already free-riding on Arlington.
My neighborhood is marked with an 'X' right above the "white space" (which is Pantego and Dallworthington Gardens) in the middle of Arlington. The neighborhood where the stadium will be built is marked with a "+" in the neighborhood directly above Division St. and south of Interstate 30.
My neighborhood was one of the few to vote no, whereas the the neighborhood where the stadium will be built voted in excess of 60% in favor of the stadium. Who stands to gain immediately? Property owners in the stadium district who will be bought out by the city's land procurement agency.
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