Taxpayer subsidies to developers are rarely, if ever, a good idea. John Kane is asking for public money to fund his proposed "Downtown South" development. Because of my concerns, I spoke to the Raleigh City Council during the public comments period of the November 4th...
I know that the election is on your mind, but if you live in Raleigh, life will continue to move rapidly on Wednesday. The Raleigh City Council meeting normally held on Tuesday will be on Wednesday and serious issues will be on the agenda. The City Council meeting on...
Livable Raleigh's Sade Gilbert was interviewed by CBS 17 for a report on the effects the proposed Downtown South project would have on the local neighborhoods and the environment. RALEIGH, N.C. (WNCN) – Plans for a stadium and entertainment district in...
Susan Maruyama, a resident of Raleigh, sent the following email to the Mayor and City Council on Wednesday, October 21. Dear Mayor and City Council members, I listened to the City Council meeting yesterday and was struck by the cavalier attitude of Bonner...
What do we know about Kane Realty's Downtown South (DTS) plan after a 3-hour long Planning Commission meeting on Friday? The answer is, we didn't learn one thing on Friday that we didn't already know; and going into Friday, all we knew about developer John Kane's...
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...
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...
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 tax...