BOTTOM LINE – Redevelopment Agencies Move Lots of Money (Now That Jerry Wants It For His Kids)

Publisher’s Commentary by Wallace J. Allen, IV –
Edition – Thursday, July 7, 2011 – Volume 25 No. 45

The Question: Is It Money Well Invested Or Simply Spent? – How many projects have been funded by Your City Redevelopment Agency in the last five years? – How much money was funded per project? – How many contracts and subcontracts were involved per project? – How many Contractors and Sub-Contractors were involved per Project? – How many Contractors and Sub-Contractors were used in total? – How many Contractors from Your City were used? – How many Sub-Contractors from Your City were used? – How many jobs have been created by Your City Redevelopment Agency in the last five years? – How many jobs that were created by RDA funded projects, were filled by residents of Your City? I am sure that someone, somewhere in the RDA Agency in Your City has the answers to these specific questions. I think those answers will tell you a little more about who benefits when RDA Agencies spend or invest your tax dollars by the tens of millions. My Answer: If you are one of the people collecting a check… Contractors, Suppliers, Sub Contractors and Workers including Your City Staff’s Earned Wages… You probably think the money was Well Invested! On The Other Hand, (The One That Did Not Get A Finger In The Money Pie)… The Contractor seeking contracts, unemployed job seeking, tax paying stakeholders, that live in Your City, probably think the money was Simply Spent!

About Wallace J. Allen

Leave a Reply