tag:blogger.com,1999:blog-1588280325775325323.post8285488131613659462..comments2023-12-24T05:26:48.861-05:00Comments on The Pittsburgh Comet: Thursday: Making ProgressBram Reichbaumhttp://www.blogger.com/profile/05620172942925293407noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1588280325775325323.post-37554432827213432622013-08-03T08:34:05.049-04:002013-08-03T08:34:05.049-04:00I love how all the sudden the debate was "hum...I love how all the sudden the debate was "humanely wrought." Challenging and voting against a large expenditure that will actually help a lower income community has the sudden become a "legitimate debate." Wow, what could have possibly changed in City politics?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1588280325775325323.post-24120371557251017362013-08-01T20:30:07.084-04:002013-08-01T20:30:07.084-04:00Pretty convenient that Smith and O'Connor were...Pretty convenient that Smith and O'Connor were out of the room during that vote. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1588280325775325323.post-39417741874222903602013-08-01T18:18:26.578-04:002013-08-01T18:18:26.578-04:00Can someone summarize the economics of the deal? W...Can someone summarize the economics of the deal? What is the return on investment? How many units of affordable housing are needed based on demographics of the neighborhood and city? Compare it to Somerset and other projects to give us a sense of the value. All these questions are in the applications to HUD, but the PG never can ciover the details to allow the average joe taxpayer to really understand the economic value.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1588280325775325323.post-21196964541149099972013-08-01T14:09:48.877-04:002013-08-01T14:09:48.877-04:00"How many of those council members that voted..."How many of those council members that voted in favor of this large robbing of the future capital fund to give to one district . . . ."<br /><br />This is a popular sort of framing, and yet utterly nonsensical. If you look at specific line items in the capital budget, most them are going to directly benefit only one district. And if each individual council member should oppose any capital project that isn't in their own district, then very little could be done.<br /><br />Of course each council member should take a special interest in possible capital projects within their district, and for proposed projects in other districts, they should be responsible for making sure those are wise investments. I'd even agree that each council member should be seeking to make sure their district gets a fair share of capital expenditures over the long run, with the caveat that fairness should not be treated as a simplistic notion.<br /><br />But the idea that it is "robbery" to have some portion of the capital budget go to a project in a particular district is quite crazy when you actually think about universalizing it.<br /><br />"All of this is stuff that should be largely privately, not publicly, financed."<br /><br />This project involves infrastructure, parks, commercial space, low-income housing, and market-rate housing.<br /><br />Some of those are categories in which a large, even dominant, public financing component is perfectly appropriate. Others are categories in which there should be little or no public financing component. Collectively you should expect a project like this to have a healthy mix of public and private financing--which in fact is the case.<br /><br />The one possible caveat to this analysis is that the HUD component really does seem quite large. That's because of some conscious policy decisions to reorient HUD financing from public housing along the "projects" model to these mixed-income, mixed-use, community-building models. In the abstract you might think that is going to dilute the impact of HUD's expenditures with respect to its core mission, but all this is in part the reaction to some hard-won lessons about what actually works in terms of providing housing that will best serve the needs of low-income households.<br /><br />And regardless of how one feels about HUD policy, we certainly can't set HUD policy at the local level, and we'll be paying federal taxes just the same. So if HUD is making grants like this available for proposals, we should definitely be looking for opportunities to make decent proposals.BrianTHnoreply@blogger.comtag:blogger.com,1999:blog-1588280325775325323.post-84975224695494104602013-08-01T13:48:56.989-04:002013-08-01T13:48:56.989-04:00Credit where it is due--it sounds to me like Counc...Credit where it is due--it sounds to me like Council is having a reasonable discussion focused on the right issues. As I was suggesting in the prior thread, Rudiak's questions are well-founded: if the City does this, it probably won't be able to do some other things. That doesn't make it a bad idea by any means, but you have to weigh those options and make a decision.BrianTHnoreply@blogger.comtag:blogger.com,1999:blog-1588280325775325323.post-56733119798150988832013-08-01T10:03:11.232-04:002013-08-01T10:03:11.232-04:00How many of those council members that voted in fa...How many of those council members that voted in favor of this large robbing of the future capital fund to give to one district actually talked to their constituents?<br /><br />All of the districts have needs screaming for capital monies and yet we are taking away any flexibility in spending away to satisfy Councilman Burgess --- once again.<br /><br />You talk about the $40 million bond --- where did all of that money go to? Would like to see some public accounting of those funds prior to another boondoggle.<br /><br />Economic improvement is the same argument that we heard when they decided to be the observation stands in Mount Washington, putting in Three Rivers Stadium, blowing up Three Rivers Stadium and the subsequent building of two new sports facilities on the North Shore and you can add in our public investment in Consol. Look at the financial hole that all of that put our City into (can anyone say Act 47?).<br /><br />All of this is stuff that should be largely privately, not publicly, financed.<br /><br />But, we, like Washington, love to spend money we don't have.<br />Public monies should be used to build new or repair existing City facilities and take care of our transportation infrastructure.Anonymousnoreply@blogger.com