The city’s spin on public-private partnerships rankles many builders. SAHBA was told it’s akin to going to Las Vegas with the City Council.
Up-front, "business" and the city agree to take three people each. To show good faith, business makes the travel plans and pays the expenses. But at the airport, the city brings five more people, its "affected constituents."
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Once in Vegas, business picks the casino site and decides what risks to take (craps). Business puts its money on the table.
"But wait!" says the city. "We’re concerned. Business can’t throw dice like we want them to."
The city steps in, taking all the seats. Said a source: If they lose, so what? They took no risk.
But when they win, "they don’t want business to get any money." It takes all the credit and goes to happy hour with its constituents, boasting, "look what we did for you."
Comments
Fischer wrote on Jan 25, 2009 1:17 AM:
Do you feel worried? Lose sleep at night? Have a pit in your stomach that doesn’t go away? Excited?
Actually, debt is a just a tool.The reality is that more than 60% of service-based businesses are built from credit-card financed start ups. Many of these business owners quickly find that they have under-estimated their start up needs and realize they need more money to grow quickly. With their credit cards maxed out, the entrepreneur begins to hold back from investing in much needed marketing, mentoring and resources because they don’t want to be irresponsible. When you hold back, the life flow gets cut off (think stepping on a garden hose) and the inevitable happens. Your business growth stagnates, or worse yet, the business fails completely.
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Fischer
MLS "