Steven Greenhut opines on the lucky break he believes residents of Sacramento received earlier this week when owners of the city's NBA franchise backed out of a partnership to build a new basketball arena in the city's downtown.
The "handshake deal" agreed to in February would have required the team's owners, the Maloof family, to kick in $73 million of their own money, in addition to the $255 million the city was expected to generate by privatizing its parking.
Although civic boosters are outraged by the snub, Greenhut believes there is reason to cheer.
"Economists have long understood that new arenas and sports stadiums rarely bring new economic activity into a city, but merely move entertainment money around the region...Sacramento officials spent their time and squandered taxpayer money on such dreams, while neglecting the nitty-gritty of municipal government -- a negligence that shows throughout city neighborhoods."
Read the full story: Sacramento Is Fresh Victim of Bad Stadium Deals
Florida Stadium Consultant Built a Questionable Model to Justify Stadium Deals
Mark Bonn PHD who has been used by teams looking to secure public financing for stadiums, assumed that the vast majority of people attending Blue Jays spring training games wouldn't live in the county where the games were played.
Sacramento Streetcar Funding Reaches Key Goal
Imagine taking a streetcar across Sacramento's iconic Tower Bridge for a three mile trip. Backers are en route to securing matching local funding for the project. However, local voters will have the final say in a June 2 Mello-Roos special election.
Streamlined CEQA Reform Passes Under a New Bill
Senator Steinberg's CEQA reform bill, SB 731, which we have been following all year, died - but many of the most important aspects - LOS, aesthetic and parking impacts, have been transferred to SB 743 (Kings Arena bill), though applied more narrowly.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion
Overuse and climate change have caused the Colorado River’s water levels to plummet.
Atlanta City Council unanimously backs $3.5 billion Beltline light rail project
The resolution was drafted after Atlanta Mayor Andre Dickens pulled support for the Atlanta Streetcar extension last year.
SEPTA to bring nearby frequent transit to over 1 million new riders as part of decade-long plan
The agency's Accelerate plan will also bring frequent transit to twice the amount of jobs that are currently located near it.
NYC plants over 18,000 trees, the most new foliage in a decade
Many of the trees were planted in communities vulnerable to extreme heat.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
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