Saturday, January 22, 2005
Beaverton is dissatisfied with progress on Round.
"The city says the developer is lagging, but the firm insists the city has unrealistic expectations" Maybe they are both right. Smart Growth projects in the Portland Metro area need public subsidies because they are unrealistic if the goal is to attract tenants, customers and make a profit. Smart Growth planners use a different set of rules when they design a project, they are not just risking the developers money but they are also risking the taxpayers in the way of subsidies to the project. The bottom line is usually unrealistic and many times the taxpayers are on the hook to bail them out when they fail.
"The city says the developer is lagging, but the firm insists the city has unrealistic expectations" Maybe they are both right. Smart Growth projects in the Portland Metro area need public subsidies because they are unrealistic if the goal is to attract tenants, customers and make a profit. Smart Growth planners use a different set of rules when they design a project, they are not just risking the developers money but they are also risking the taxpayers in the way of subsidies to the project. The bottom line is usually unrealistic and many times the taxpayers are on the hook to bail them out when they fail.
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