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Opinion: Navy Hill Redevelopment

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Cameron Lockard
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It seems to me that decisions like this are why we elect a city council. Granted, they aren’t perfect; but, I expect them to have at least a little more knowledge of the complex pros and cons than the average citizen needed to make a competent assessment.

crd
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crd

Cameron, I want a vote on this. Council is far from perfect. Mackie, thanks for posting. And everyone needs to make sure they are registered to vote this November. All politics is local, after all.

Mackie Blaylock
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Mackie Blaylock

City Council meeting is this Tuesday at 4:00… Parker C. Agelasto PUBLIC INFORMATION ADVISORY WHAT: Richmond City Council will hold a special meeting for the introduction and expedited consideration of a resolution ordering the submission to the qualified voters of the City of Richmond of Ord. No. 2019-212, concerning the creation of a Navy Hill Fund for the purpose of setting aside, to the extent permitted by law, and accounting separately for certain City tax revenues and other City revenues to pay for debt service on bonds issued by the Economic Development Authority to finance the construction of a new… Read more »

mary
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mary

For those interested in the finances of Tom Farrell’s plan for downtown Richmond, a plan adopted by the city’s mayor (https://www.styleweekly.com/richmond/tom-farrells-1-billion-idea/Content?oid=12096982), here’s an easy to follow breakdown:
https://nocoliseum.com/breakdown-of-citys-overview/

Mackie Blaylock
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Mackie Blaylock

Sharing this Forbes article about stadium/arena financing. Here’s a quote:

As pointed out by Georgia State University’s Center for Sport and Urban Policy, 54 ballparks, arenas, and stadiums in North America have received nearly $11 billion in public funding since 2006 alone. Taxpayers got to vote on funding for just 15 of those facilities, with just eight getting approval.

In all, roughly $9.3 billion has been spent without a taxpayer vote on the matter.

https://www.forbes.com/sites/jasonnotte/2018/08/17/your-tax-dollars-at-play-how-stadium-tax-scams-pick-fans-pockets/?fbclid=IwAR1XZEIKek9o1kc21f-k4-L5MJ_QCSP88W-IYc4g0eABw-Ym5eXgrqfqGXU#6b8f07be6fb9

Liz
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Liz

I love that it is scheduled for 4:00 pm. While there are many that can attend, there are many who cannot due to work schedules.

Mackie Blaylock
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Mackie Blaylock
Liz
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Liz

Thank you Mackie!