Quote:
Originally Posted by GGG
Its not an outright subsidy if its used to improve the area to provide things that are typically provided by the city. Over/underpasses in the east village were out of the CRL so this is a city service rather than a subsidy.
Im not familiar enough with the east village crl to really comment on what is a subsidy and what is typical city infrastructure they would provide.
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CRL may be a perfectly acceptable method to help finance this overall project, but it is important people understand exactly what it does entail and what it means. It's not as simple as saying "it gets revenue we wouldn't otherwise get" it's more nuanced than that. We just have to make that decision with eyes wide open.
I'm a big proponent of CRL for East Village because I think the investments made are largely a city-wide benefit (St Patrick's Island, Riverwalk, 4th St underpass, central library, flood mitigation, etc) while the internal infrastructure (streetscapes, plazas) also really helped make the area truly attractive to development. It also was a desperate situation with a lot of social despair and crime on the back door of City Hall and cultural institutions that needed to be addressed urgently.