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I think initiatives like the guy this one is taking is incredible, and these types of initiatives are a necessary risk in piecing the city back together. Howeve
by nikkwong 8y ago
I think initiatives like the guy this one is taking is incredible, and these types of initiatives are a necessary risk in piecing the city back together. However, there is so much external risk in throwing capital into projects like these. We need the federal government to be on board, we need the local gov to have their heads on straight and to be willing to fight for appropriate legislation that is going to be attractive enough to bring people to the city. So far, I think we haven't seen enough of either. My feelings are therefore mixed. I want to see these localities do well; a rising tide lifts all boats; but the people at the top have demonstrated an ineptitude in being able to create real incentives. You only really see it in the private sector with players like dan gilbert.
- rmason 8y agoGuys like Dan Gilbert and Christopher Illitch can get tax incentives, smaller guys cannot. The little guys, even if they have a multi-year proven record of success often cannot even get the backing of banks.