Last login: Wednesday, February 10, 2010
I guess it comes down to how one defines "success."
From a civic point of view, the proponents of redevelopment and it's ancillary projects will be the first to list any and all benefits to a completed project. Specifically, the development that has occurred in East Village since PETCO's construction in 2004.
Opponents to these tax increment-based projects will site data that renders the project's economic impact as inconclusive or detrimental to the area.
While the PETCO deal may have been front-loaded with risk for the City, don't forget this is a long-term deal.
From a citizen's point of view, this project has been a great success. I remember getting robbed in this area 20 years ago so to walk through this urban neighborhood now almost brings a tear to my eye!
February 10, 2010 at 8:49 a.m.
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