CINCINNATI — Years after a wave of construction brought publicly financed stadiums costing billions of dollars to cities across the country, taxpayers are once again being asked to reach into their pockets.I have mixed feelings about stadiums. While they do encourage city pride and really elevate a city into a national scene, they come with an enormous price tag. They do spur economic activity, but often without prolonged sustainable business opportunities And it's pretty hard to argue that they are somehow environmentally friendly...regardless, this should just be a lesson to not roll with campaign promises and vote out of desperation.
From New Jersey to Ohio to Arizona, the stadiums were sold as a key to redevelopment and as the only way to retain sports franchises. But the deals that were used to persuade taxpayers to finance their construction have in many cases backfired, the result of overly optimistic revenue assumptions and the recession.
Nowhere is the problem more acute than in Cincinnati. In 1996, voters in Hamilton County approved an increase of half of one percent in the sales tax that promised to build and maintain stadiums for the Bengals and the Reds, pay Cincinnati’s public schools and give homeowners an annual property tax rebate. The stadiums were supposed to spur development of the city’s dilapidated riverfront.
But sales tax receipts have fallen so fast in the last year that the county is now scrambling to bridge a $14 million deficit in its sales tax fund. The public schools, which deferred taking their share for years, want their money.
The teams have not volunteered to rewrite their leases. So in the coming weeks, the county plans to cut basic services, lower its legal bills and drain a bond reserve fund with no plan for paying it back.
“Anyone looking at this objectively knows it’s a train wreck,” said Dusty Rhodes, the county auditor. “I told them they were making a big mistake, but they didn’t want to hear me.”
Tuesday, January 5, 2010
Stadiums: Not So Good.
Monday, November 10, 2008
Vancouver's Newest Neighborhood.
Vancouver is dense; really dense. So much it's eclipsed Manhattan as the densest residential area of North America. Really clinging to the Jane Jacobs idea of a mixed-use 24-hour city, downtown Vancouver has transformed itself in an exemplary city of mixed demographics, an affluent arts capital, a city to conduct business in and also a place to live, work, eat and play.
An interesting proposal is coming to the city that seems to balance Urban life so well--residential units in a stadium.
I'm single. I like noise. I like Urban life. But I'm not too sure if I'd willfully sign up to live in place where nearly 100,000 people show up on my lawn once a week.Vancouver has never seen a neighbourhood like this. While the city has managed to balance residential and entertainment land uses in areas such as Robson and Davie streets, Vancouver city planning director Brent Toderian says that the future housing development at B.C. Place Stadium will break new ground in redefining livability.
Some 1,200 residential units are expected to rise at the stadium’s site at the northeast end of False Creek, a district that Toderian noted will become an entertainment, sports, and cultural centre. At present, this area houses GM Place, the Edgewater Casino, and the Plaza of Nations, which will soon be the new home of the Vancouver Art Gallery.
Noise, traffic, and lack of community amenities are some of the challenges future residents will face. Obviously, these housing units aren’t for everyone.
(This photo includes B.C. Stadium's Upcoming Retractable Roof)
