Wednesday, October 28, 2009

A Funny Idea of Progress

The Hammes Co. has scaled back its plan for the Edgewater redevelopment, from $109 million to $90 million. However, they are still asking for the full $16 million in TIF funding that Mayor Dave Cieslewicz included in his capital budget.

"It represents progress," Cieslewicz said.

Really? Going from 15% taxpayer funding to 18% taxpayer funding for a private hotel project that is expected to cannibalize business from other hotels rather than bring more business to Madison is progress?

I'm surprised nobody's tried to sell Mayor Dave a bridge. Maybe it'll be in next year's capital budget.

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