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!