Fenty in Shaw Friday to Announce Support for “CityMarket at O” TIF
UPDATE: Ward 2 Councilmember Jack Evans and other officials will also be on hand for the announcement of the $33 Million in tax increment financing.
12:15pm, Friday, June 27
7th & O Street NW
Mayor Adrian Fenty is holding press conference at the O Street Market to announce TIF legislation for "CityMarket at O." Anyone who is free around lunch time is invited to stop by and show their support.
Councilmember Evans introduced the “CityMarket at O Street Tax Increment Financing Act of 2008” at the Council’s session on June 17 and then scheduled a public hearing on the bill for July 2 at 10 a.m. (see hearing notice for information on hearing). The TIF is the final and most critical piece of our public approvals as it provides the public financing necessary to move forward.
— Roadside Development
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"In her two great works — The Death and Life of Great American Cities and The Economy of Cities — Jane Jacobs explained that effective economic development and urban renewal arise from the bottom up as the product of thousands of enterprises and people working on their own without a master plan, rather than from the top down, as planned by politicians or bureaucrats. The vibrancy and diversity of city markets and neighborhoods lie in “the creation of incredible numbers of different people and different private organizations, with vastly differing ideas and purposes, planning and contriving outside the formal framework of public action,” she observed."
— Real Clear Markets, Pols “Remain Masters of Domain”
"as Doug Kaplan, a California developer, has observed in a piece he wrote for the Castle Coalition, local government would serve their communities better by simply cutting red tape for new development, reducing fees, and focusing on basic government services like public safety, while leaving the rest to the market. Asked by a local redevelopment officer to join a ‘public-private partnership” to open a restaurant in a depressed downtown, Kaplan told him,” If you really want to revitalize downtown, then light the sidewalks, fix the roads, take care of the police, support the schools.” That’s not a message most redevelopment types, or politicians, want to hear, however."
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