of the video report below:
Monday, August 20, 2012
Dallas 2024???
Already a group of Dallas folks are hard at work on a bid for the 2024 Olympics! If developed properly with determined sensitivity to existing communities, a winning bid could be leveraged to renew areas of Dallas like South Dallas-Fair Park.
What do you think?
Note: listen for a big Dallas mention toward the end
Subscribe to:
Post Comments (Atom)
8 comments:
The IAF organization in London was able to use the Olympics as leverage for some positive change. http://www.nytimes.com/2012/03/20/nyregion/a-win-for-workers-even-before-the-london-olympics-begin.html?src=tp
Seems like a silly idea to me. Dallas has a declining tax base, and its sure to continue through 2024. Massive federal funds would be necessary, and the use of blighted area(s) for Olympic construction is a dubious way to attempt to strengthen the blighted areas.
Forget all the blight/renewal issues -- who wants to come to Dallas in August when it will definitely be above 90 and probably over 100.
True, Lorlee, but the Olympics have been held in LA and Atlanta, similarly southerly, often hot cities.
Anon: I recently heard just the opposite. Dallas is increasing city salaries that were subject to a wage freeze and hiring in some areas due to strong recent growth in tax revenue. See, e.g.: http://www.bondbuyer.com/issues/121_148/dallas-general-obligation-bonds-get-upsized-by-tax-base-1042545-1.html
Anon 18:00, as the number of blighted areas increases in coming years due to shifting demographics, the tax rolls will drop in value, and hence the amount of revenue collected will decrease. The current temporary revenue increase has no impact on the long term revenue pattern for the city.
Source?
Most of what I hear about Dallas is about growth.
There is a difference between population growth and revenue growth. As "shifting demographics" should perhaps suggest to you, the amount of revenue PER CAPITA will decline dramatically because of the education and professional qualifications (and hence limited employment potential) of the shifted population. More of this shifted population will be on welfare and other government charity programs. The population will therefore not be tax payers but tax liabilities. You need to look no further than West St Louis to see a prime example of this. Source ME
I believe ANON 138 meant EAST St Louis.
SOURCE : Him
Post a Comment