Friday, December 17, 2004

Curbs to the Rescue!

A flavor of the lunacy of this whole situation can be found at the end of this article :

"Cropp said entrepreneurs have offered several new private financing plans since
the council's action Tuesday. So far, Cropp and administration officials have
said that one of the most viable plans would raise as much as $100 million by
charging motorists to park along the curbs in neighborhoods surrounding the
Charging motorists to park is a "private" activity? Since when? Why can't the city just put parking meters out now and raise money for the schools? Why isn't this like saying the private financiers will impose a surcharge on concessions (i.e. a tax)?

Be sure to read the article SuperNoVa linked to at BP, and especially the one it links to from November which explains what is really going on with Cropp's "private" financing schemes -- they are really just tax shelters.


At 12:00 AM, Blogger DM said...

This story gives more details on the parking plan:

The last paragraph gets at the bottom line: the benefit to the city is not in the dollars, but in avoidance of risk of having to run the parking program itself.


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