Taxpayer-Subsidized Projects for the Elite

Richmond, Virginia, has already been burned on grandiose projects.

“Bands played, balloons soared, fireworks banged and politicians and business leaders glowingly praised Richmond’s future yesterday as several thousand people attended the noontime grand opening of the Sixth Street Marketplace,” the Times-Dispatch reported back in the autumn of 1985.

The paper quoted T. Justin Moore Jr., the chairman of Richmond Renaissance: “Today, Richmond has the exhilaration of watching a dream turn into a reality.” Mayor Roy West shared his enthusiasm: “Ladies and gentlemen, our future is now,” he declared. City Manager Manuel Deese agreed: “We can be assured,” he promised, “that this event will be remembered as a shining achievement for decades to come.”

It didn’t work out that way. Not by a long stretch.

Within five years, the “future of downtown” in Richmond was draining millions from the city’s public treasury just to stay afloat. Soon, experts from the Urban Land Institute were recommending it be torn down. Several years and many millions of dollars later, it was.

“We should be careful to get out of an experience only the wisdom that is in it,” Mark Twain advised, “lest we be like the cat that sits down on a hot stove lid. She will never sit down on a hot stove lid again … but also she will never sit down on a cold one.”

Mayor Dwight C. Jones has proposed building a baseball stadium at public expense in Shockoe Bottom. It would constitute part of a broader redevelopment plan that would include a hotel, apartments, grocery store and other commercial redevelopment. A privately funded slavery memorial is also in the works.

The ballpark would replace the current stadium on the Boulevard near Interstate 95, and that location would become the site of an even grander redevelopment project. Richmond should be wise enough not to assume the Shockoe stadium project will be another hot stove lid that will leave everyone feeling burned. But the city also should recognize that the project has some parallels.

The Sixth Street Marketplace did not spring, sui generis, from the minds of Richmond’s city fathers. It was a “festival marketplace” — a creation of developer and urban planner James Rouse. Rouse was a major force behind suburban strip malls before promoting the idea of urban revitalization through European-style marketplaces.

As he said to a group of Richmond businessmen 28 years ago, the concept was “a reaction to the high-tech, passive, computerized life we are being increasingly asked to live in. People can come to a place with merchants behind the counter — it’s very human.” Businessmen tended to greet the idea with low expectations, Rouse said, “but once they experience it, the sense of delight is always enormous.”

The delight didn’t last. By the early 1990s, festival marketplaces from Cityfair in Charlotte to Underground Atlanta were facing considerable difficulty. Some, such as Harborplace in Baltimore, have done well. Others, such as Waterside in Norfolk, have not.

The same holds true for sports stadiums, which also have been sold as miraculous engines of redevelopment. Big-league stadiums have proved to be anything but: Countless studies have found they are economic deadweight or worse.

The record on minor-league stadiums is more mixed, and many midsize cities placing bets on them hope they will turn out to be winners. Fredericksburg is trying to lure the class-A Hagerstown Suns from Maryland with a new facility. Biloxi, Miss., is building a $40 million ballpark with oil spill recovery money in the hope of luring a team — any team. It doesn’t care which one.

But the Shockoe Bottom proposal is not part of the stadium trend alone. It also seems to be part of another trend — one that urban policy experts Joel Kotkin and Fred Siegel have called “gentry liberalism.”

In a recent piece about Chicago for City Journal, a publication of the Manhattan Institute, Aaron Renn describes gentry liberalism as “increased spending on amenities and subsidies targeted at the elite, accompanied by painful cuts in basic public services for the poor and middle class.”

He notes that Chicago Mayor Rahm Emanuel, “relying heavily on tax-increment financing (TIF) subsidies … has doled out a nearly limitless stream of money for upper-tier benefits. Hoping to lure talented young professionals, Emanuel has brought protected bike lanes and a bike-sharing program to Chicago. The city is spending $100 million on a lavish, six-block ‘riverwalk’ … (and) $30 million in TIF subsidies to the developers of a new office tower.”

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  • tarran||

  • ||

    So why pick on Fenway? Laziness?

  • Restoras||

    Jealousy?

  • steve walsh||

    Championship envy.

  • Sevo||

    Can't find a link, but Ellison snookered SF for many millions to play with his rubber ducky in the San Francisco bay.
    But we're not totally in the tank; we got Santa Clara to pony up for the new 9er's stadium!

  • radar||

    On top of the Sixth Street Marketplace fiasco, there was also the failure of Main Street Station, which to my dim recollection also got a fair amount of public dollars.

    I love having the Squirrels in Richmond, and I'll be sad to see them go, but the stadium proposal is a disaster.

  • Tak Kak||

    Ignoring all that, how many more slave monuments do we need?

  • IceTrey||

    There should be one on every street corner you racist!

  • Tak Kak||

    But that'll ruin beautiful Monument Ave. even more than that awful Arthur Ashe statue!

  • ChrisO||

    I don't know that much about Richmond, but it's one of the deadest downtowns I've ever seen. I went down there for a concert one evening--the afternoon rush was over by 5:30 pm, and it was a ghost town after that. I struggled to find a place to get a pre-show beer.

    I understand the impulse to spruce up the place, but minor league baseball ain't gonna do the job.

  • Tony||

    Yeah yeah but surely there are still poor people possibly not starving quite enough. Eye on the ball!

  • Sevo||

    ^?

  • Christophe||

    Obviously poor people only eat food in stadiums. No stadiums = Starvation.

  • Cbalducc||

    When was the last time voters put a stop to a taxpayer-funded venture that benefit only the wealthy few?

  • OneOut||

    I once lived in a mid sized town in Texas that developed a golf course/housing development in direct competition with a private developer using his own private funds.

    Unbelievable. It was a college town and the city government was ruled by professors and grad students. They could not understand why so many were upset about their actions. A basically unlimited taxpayer funded budget competing against a private business.

  • arlanvoa47||

    just before I looked at the receipt 4 $9739, I didn't believe ...that...my father in law was like actualey receiving money part-time on their apple laptop.. there uncles cousin has done this 4 only nineteen months and a short time ago cleared the mortgage on their place and bought Toyota. visit..............

    ==============================================

    http://www.fb49.com

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  • C. S. P. Schofield||

    Politicians and their cronies who have grandiose plans for a city should be given their own shiny new computer and a fresh copy of SIM City, and told to leave the rest of us alone.

  • Cbalducc||

    It occured to me that in states where gentry liberalism prevails, you are more likely to have a lot of abortion clinics and same-sex pseudomarriage.

  • JRS1001||

    government shouldnt be in the real estate business- private business should.
    Same thing happened here in Atlanta with Underground Atlanta and Atlantic Station.
    Both economic failures.
    If you want a downtown business district to thrive- make it safe from crime and low tax and low regulation.
    In other words - get government intervention out of the way and the market will do what government never can.

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