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Down the Garden Path

The path citizens of Cary are being led down is not so hard to imagine. Read on a bit and see how all this turned out for Albuquerque, New Mexico.

As the Cary household debt moves into the tens of thousands , we all might want to imagine instead, whose pockets will be getting fleeced and whose filled, in the massive “public private partnership” shaping up.

New Urbanisim and Sustainable Development campaigns like Imagine Cary, share a common problem: there is no free market demand for what they are peddling, especially in a highly successful suburban area like Cary, North Carolina. So to build utopian dreams, they have to enter into public-private-partnerships which means you, the taxpayer, cover the losses and provide the profits.

Despite what the Urbanistas proffer, the data overwhelming shows people still prefer affordable single family homes on private lots, along with the freedom, convenience and efficiency of private transportation. Free market investors will not invest in high-density, transit-oriented, economic-equality projects that require massive subsidies for market creation, new infrastructure, and social engineering.

Heck, who needs free enterprise? Whether you call it infrastructure “investment”, green job stimulus, pay-to-play, or public-private-partnership, there is profit in the imagineering of a market, especially when you can finance it on the backs of unsuspecting taxpayers.

Enter Chris Leinberger, New Urbanist, Sustainable Development protagonist and  Imagine Cary’s keynote speaker. He is founder of Arcadia Land Development, a Progressive real estate develoLeinberger2pment firm specializing in “new urbanism,” “smart growth”, and “sustainable development”. Leinberger calls these planning models “Progressive Development”.

To overcome the lack of free market support for his company’s services,  Leinberger has developed a financing model which he describes as “Financing Progressive Development“.  That financing model requires funds from both government and, trusts and charities happy to fund collectivist and social causes, Leinberger’s fellowship position at the globalist Brookings Institution, provides all the necessary connections.

“The investors most likely to re-evaluate their approach to real estate investment are charitable foundations. Many of the country’s largest foundations, including MacArthur, Rockefeller, Surdna, Packard, Hewlett, Mellon, and Heinz, are focused on new urbanism, smart growth, and sustainable development.

Another likely third tranche investor would be a municipality. They may be interested in improving their downtown or other areas for political or quality of life reasons.”

Coincidentally, all of the “charitable investors” Leinberger references, also fund the Brookings Institution where he sits as a Fellow.Brookings Connections Leinberger Click on the image to the right to see the connections.

In “Financing Progressive Development” Leinberger cites Acadia’s Downtown Albuquerque project as the model for Progressive financing. Arcadia Land Development, the McCune Foundation, and the City of Albuquerque formed a private-public-partnership (HDIC) to redevelop  downtown Albuquerque.

The mission of the McCune Foundation is to enable communities and nonprofit institutions to improve the quality and circumstances of life for present and future generations

The goal is to stimulate long-lasting and sustainable progress which contributes to community vitality and economic growth.

Compare the steps taken in Albuquerque’s’ Sustainable Development path to what has been done in Cary so far.

The City of Albuquerque

Downtown Albuquerque Theater

  • Established a Comprehensive Plan for Downtown
  • Built a Downtown Theater
  • “Invested” $12 million in city owned land for private development
  • Built a Transit Center
  • Built a Parking Garage

 

 

The Town of Cary – So Far

Cary-Movie-Theater2-300x175

  • Created a BID (Business Improvement District)
  • Ran a Sustainable Development study for the BID
  • Building a $6 million Downtown Theater
  • Subsidized private hotel development
  • Developed a high density, mixed use Sustainable Development plan for downtown
  • Intends to “invest” $11.2 million of city owned land in private development

 

So, Where Does The Path End?

(hint) Albuquerque’s did not end well.

Downtown Albuquerque BID Renewal Fails to End Controversy, Lawsuit

Downtown Dilemma: If you Build it, Will They Come?

McCune Sustainable Charity takes over HDIC

Eight Years Later, Mixed-Use Gold Avenue Lofts Still Unsold

Downtown Revival Efforts Dogged By High Vacancy, Crime

Gold Avenue Lofts

“Leinberger told city leaders the reason none of the Downtown plans had worked was because there was little or no private sector involvement.”

Of course all the visionaries, planners, New Urbanists and Sustainable Development crowd has long parted Albuquerque, their money in the bank, leaving the city, the taxpayers and the investors to clean up the mess.

Chris Lineberger? Well he moved on to do a bit of visioning for Detroit…….

“Detroit’s downtown has begun development of this kind of pedestrian-friendly, high-density living and is ripe for more….there are strong indications that sections of the city are in the early stages of resurrection, and downtown is well on its way

…well on its way to bankruptcy

 

 

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