Affordable housing included? No. Enhanced Stormwater Controls? No. Low-impact Development promised? No. Is there a Community Benefits Agreement? No. Are ANY design or details offered? No. None.
Speculation, of course. But would Ruffin quit with Raleigh in turmoil, the city looking to him for leadership, and no new job in sight, unless his working conditions were intolerable?
Sports Stadia and Affordable Housing...
... both share the feature of a taxpayer subsidy.
Subsidies from public revenues are needed when a project is not
feasible in a 'free market,' i.e. it will not generate income exceeding
its costs --- otherwise private capital would undertake it…
Did you know.... from our friends at INDY https://indyweek.com/news/wake/raleigh-soccer-stadium-john-kane-downtown-south/
as catalysts go, taxpayer-subsidized sports stadiums aren’t very good ones. Economists are nearly unified in the belief that they don’t produce the promised bang for taxpayers’ buck. A 2017 University of Chicago survey found that only…
The massive taxpayer subsidy John Kane is requesting for his Downtown South sports and entertainment project is a startling replay of his 2007 pitch for North Hills East subsidies. In 2007, the News & Observer wrote: "Kane wants about $140 million in local…
Local developers want a share of the Raleigh and Wake County hospitality tax.
It's the extra six percent you pay on local hotel bills and the extra one percent you pay on restaurant and bar tabs.
They're requesting $13 million a year…