Orange County's Great Park Crawls Forward

23 May 2009 - 5:00am

This post from Governing looks at the long planning process of the Orange County Great Park, a 1,347 acre public park that's been in the works for 7 years. Comprehensive design plans were recently approved and construction is set to begin.

"The prolonged planning process, with its many design unveilings, has worn some people out. Christina Shea, a member of the Orange County Great Park Corp.'s board of directors, told the Orange County Register, "Sometimes, I feel like I am going to the same wedding several times a year." Now, it looks like there will be more delays. The park's build-out plan relies heavily on tax-increment financing derived from development of the land surrounding the park. The housing slump will push that development back by at least a couple of years and maybe more. At times like this, it's worth remembering that New York's Central Park also took seven years to plan—and another 15 to build."

Source: Governing, May 1, 2009
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.