
I had my usual lengthy and overly-gassy emission typed up ... but thought better of it. It was essentially a distillation of the noises in my head that keep looking over the static hiss of nonsense implied by the “Development Regulation” chapter of this agreement.
Far easier, and more relevant to your topic, to just say this:
Baltimore.
Baltimore has been nipple-deep in this sort of financing scheme for its waterfront redevelopment and, not surprisingly, everything that Councilmember Weiss warns against is playing out—the citizens there are deeply pissed off that they are subsidizing large corporate entities to develop on their waterfront, tax free, while those properties and businesses directly compete with theirs.
This scheme creates a queer upper-echelon of “citizen” and utterly reeks of unfairness to the rest of us who, not even privy to deciding who will or won’t win the building contracts, will be forced to pay for the parks and streets that directly benefit this special cabal of landlords.
I thought it was telling when Councilmember Lilliquist asked if this special tax-free zoning for the waterfront had a “sunset clause”—will it ever end? The answer was no. Never. How about we end it in 30 years. No. Well .... dammit, how about 50 years—by then the lure will be well played out, there will be no need for “incentive” to build on this largest tract of developeable waterfront on the West Coast, there will be no need, likewise, to entice developers to build their projects here, in Bellingham, where we consistently rank on “10 Ten” lists for liveability and overall wonderfulness ... NO, said the rest of council, NO IT MUST REMAIN IN PERPETUITY.
That is so absurd.
The three contenders for Baltimore mayor are running on tickets supporting voiding the absurdity kickback.
We’d do well to avoid it, first, or plan for the same debacle here. (Cue up the “Ballad of Chuckanut Ridge” and start sharpening your ballots, or pitchforks, because this is a done, done, done deal—we are going to forcibly bankrupt this city for the benefit of waterfront developers. And we are going to do it FOREVER.)
Incidentally, the estimated $30 million in Park fees (taxes) that will be needed to develop those waterfront parks is more than the entire acquisition fund, roughly $26 million, that is predicted to come from the Greenways III levy. We’ll pay for those parks, but the people building down there won’t.
This is made exquisitely absurd when factoring in the City’s insistence on cramming 300,000 square feet of “mixed use” development onto some amorphous, completely undefined hunk of the future Cornwall Beach Park.
For reference, the current CostCo is roughly 133,000 square feet.
Greenways is already under assault and becoming a slush fund for all manner of half-related park-like endeavors. The poor dumb city is broke and it sees a lump of cash sitting there, waiting to get plundered. It makes perfect sense, therefore, to not assess any park taxes to the largest development project in Bellingham’s history.
Oh, and then there is the business of the Environmental Impact Statement ... the clean-up, restoration, habitat and all of that.
It is “really complex” and, surely, we citizens are not grown up enough to understand it. But, nonetheless, rest assured that it is yet another thing that we little people will end up paying for, and not the developers.
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