What you may not know about the Midtown deal
Most everyone seems ecstatic about the idea of Midtown Mall coming down to make room for the world headquarters of Paetec Communications. That happiness may be well placed, but some aspects of the project bother me.
First of all, the city isn't going to the owners of the property and negotiating a purchase. Instead, they're condemning the buildings and offering fair-market value. I don't like this approach; I don't see it as the government's role to snatch a property and decide what to do with it. If Paetec wants to build their headquarters downtown, why don't they go to the owners of the property and make an offer? The answer to that brings me to my next point.
This project is being completed on your dime. At least $50 million in state money will be spent tearing it down, and an untold sum will be paid by the city to purchase the 9-acre site. This will also certainly be in the tens of millions of taxpayer dollars. So, Paetec will get a nice shovel-ready site at your expense.
My final problem with this whole thing kind of summarizes the first two. I don't like the government taking the lead in these economic development initiatives. It seems to rarely end well, and it's almost always a band aid for a host of other bad government policies, namely high taxes. We don't need to have long memories to recall such initiatives in Rochester. The millions that Bill Johnson's administration poured with blind faith into High Falls and the Fast Ferry became his sad legacy.
For all of these reasons, I think Duffy is taking a pretty big chance here. Don't get me wrong; I really hope it pays off. But even if the ends do justify the means after the final hammer swings on this thing, I'll still be just a bit squeamish about the means.
5 comments:
last time I checked, We're paying 50 million to move a business that's already in the county, to a fancy new building that the state will have to help finance erection of. How many tax dollars per new job?
Do we even have a guarantee of new jobs?
This is why Govt (especially ours) should stay the hell out of these projects. Fix the damn roads first.
A Letter of Introduction from T. Herman Zweibel
By T. Herman Zweibel
Publisher Emeritus (photo circa 1911)
The Onion
January 21, 2008 | Issue 44•03
The school-educated busy-bodies who manage my media properties inform me that it is almost time to appoint a new President. I almost cannot believe it is time for the suet-brained populace of this flagging Republic to be once again herded into the voting-booths to allegedly choose precisely which bloody-handed butcher will crack their bones and suck the marrow over the next few years. Futility, I say, rank and base futility! Does the grist choose the mill, the rabbit the hawk, the innocent 12-year-old Atlantic City orphan girl the lusty mob of beefy, drunk, vacationing coal-oil sales-men? They do not, and neither do the Citizens choose their Leaders. However, if The Onion news-paper can further the illusion that an individual vote has more potential to change the world than a lamb's last bubbling bleat in a crowded slaughter-house—and furthermore, if we may turn a hand-some profit by doing so—than let The Onion be the Judas goat to the milling herd of democratic cattle!
I am told that our new War of the White House section will contain the vetted and censored life stories of each candidate; white-washed and simplified versions of their heinous plans to drain the life and wealth of each and every tax-payer; a schedule denoting the appearances of every aspirant, so that one may go and be covered in unspeakable fulminating lies in person instead of hearing them over the crystal-set. I should God damned well hope that there will also be prettily-colored pictures, or else the average American citizen will not be able to keep his eye on it for more than a few heart-beats, and it would be better yet if there were accompanying photos of ample heaving bosoms. Sadly, the man in the street becomes affronted whenever he feels his supposed dignity is being besmirched. Why is this? The man in the street is, for all his puffery, standing there in the God damned street!
In any case, there will also be a section on how our Democracy works, despite even the simplest boor suspecting in his secret heart of hearts that it is a sham. Which it is. I have not voted since becoming a wealthy industrialist, having figured out some time ago that it is much wiser to employ the organ grinder than vote for the monkey. Still, I hope this special section is of some amusement to all. I understand that one of the candidates is campaigning in a dress this year, and yet another in a minstrel's blackface, which I must say was unexpected; but as long as there are no Catholics on the ballot, I see no reason to summon the marksmen.
Now get back to work!
The local government have to do things like this - not only to lure businesses downtown but to keep them from leaving NY altogether. Face it - we live in an economically stagnant state. NY has been taxing companies out of the area for years and It's not just the businesses either: Workers are moving south and west and taking there Northeast education and skills to better jobs, better pay and better weather. Can anyone blame them? I may follow suit someday. Arizona anyone?
http://www.youtube.com/watch?v=xjHzgbT2Zrc
Monroe County Executive Maggie Brooks wants to destroy historic pieces of downtown Rochester, NY to make room for Renaissance Square - possibly the most ill-fated least organized project in Rochest...
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