The Dillard Doctrine

Urban Conservative Commentary on Politics & Life

A Tea Party Issue?

Seems like it. From today’s V-P (h/t Vivian Paige):

The City Council will decide tonight whether to provide more financial guarantees that a developer says are needed to build an office building in a low-income community that officials believe is desperate for new life.

Tivest Development of Chesapeake agreed last year to build the six-story Midtown Office Tower on city property at the corner of Tidewater Drive and Virginia Beach Boulevard.

Now, Tivest officials want the city to guarantee 65 percent of rent payments for space the Southeastern Tidewater Opportunity Project will lease. The guarantee would kick in only if STOP could not pay its rent.

STOP, a private social services provider funded largely with government dollars, would pay annual rents of more than $2 million for more than 100,000 square feet. If the council agrees to Tivest’s request, it would mean the city could be on the hook for more than $12 million.

So, we the taxpayers of the city of Norfolk could conceivably be paying the rent of a private social services company. Think about the ironies of that for a second.

If this was happening on a state or national level, there’d be calls, faxes, rallies, you name it. I don’t think something like this would fly without opposition in the Beach.

But this is Norfolk…

HB2DF,

-Coby

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Written by Coby Dillard

January 11, 2011 at 5:09 pm

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