January 2012 Naysayer
January 2012 Naysayer
January 2012 Naysayer
THE NAYSAYER
Box 18026; Denver 80218
Tax-Increment Lies
24:7 WN 283
uring the 1990s, Tattered Cover was the nations leading bookstore. It did so well that its owner moved from the book business to dabbling in real estate ventures with John Hickenlooper and Charles Woolley. Then, right about the time the Internet craze and the competition of Barnes & Noble started seriously to erode Tattered Covers business, its Cherry Creek landlord so drastically hiked the shops rent that Tattered Cover had to look for new quarters. Hickenlooper, then mayor, encouraged Tattered Cover to relocate to the old Bonfils Theatre at Colfax and Elizabeth Street as the magnet of a redevelopment project by Woolley. The city lavishly lent money on the effort, using tax-increment financing. This is a favorite scheme of champions of corporate welfare. Instead of having developers pay their own way, tax-increment financing assures that the government foots the bill. In particular, it specifies that, rather than going into the general fund, sales-tax revenue generated at the new project first pays off the cost of the project. What tax-increment financing specifically means in the case of Tattered Cover is that, rather than receiving the sales taxes Tattered Cover had been generating at its Cherry Creek store, the money has gone to pay the loan on the Bonfils Theatre effort, a project which has not come close to delivering on its promises. Completely ignoring this drain of revenue, the Mayors Office of Economic Development (MOED) has heralded the Bonfils Theatre project as a stunning success in generating new businesses and creating jobs. In making this assertion, the city agency has ignored the obvious: Tattered Cover, and the used-record store in the Bonfils development, Twist & Shout, closed their locations elsewhere and already employed those holding the new jobs. Similarly, for the most part, the fast-food joints at Bonfils have simply replaced businesses elsewhere. That the statements of the MOED can be unquestioningly accepted by politicians and the media is a prime reason why the citys finances are a mess. Far from being a success, the whole Bonfils project has been in arrears since early 2011. City council has had to act to give it special relief. Meanwhile, the city arranged to purchase a stillborn Woolley project near Bonfils Theatre in the name of building a Capitol Hill Recreation Center even while admitting it lacked the funds to make the facility a reality. Meanwhile, John Huggins, Hickenloopers former head of MOED who pushed through the Bonfils effort, is buying up the dubious loan on the project for pennies on the dollar. Naturally, all of this is missing amidst the establishments cries about the horrors of Occupy Denver. More than anything, those obnoxiously blocking sidewalks and sleeping in public spaces lack money. Those righteously condemning them primarily lament that the Occupiers do not dress according to bourgeois norms and swear fealty to capitalism. More than anything, the establishment has used the presence of Occupy Denver to project its righteousness, morality, and concern for public health as a fog machine to cloak how its policies of grabbing everything and anything for a profit have blighted everything it touches. Nor have those condemning the Occupiers said anything about the mass violence of the state, especially its foreign policy. As such, the very fact that Occupy Denver existed is a most uncomfortable reminder of the smug hypocrisy of those who celebrate such screwball schemes as the Bonfils deal to say nothing of the everyday nature of bank and Wall Street swindles,
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The Naysayers next meet on Saturday, January 7, Enzos Pizza, 3424 Colfax (between Cook and Madison) 5:30 PM
The Tattered Covered deal is not unusual. Over the decades, corporate Denver has come up with countless screwy schemes. Some keep resurfacing. This especially stands out with the Winter Olympics. Despite the voters verdict in 1972 and the way the Olympics have been far more a curse than a blessing to many of the places that have hosted them, time and again boosters have demanded massive state subsidies so Denver can host the ultimate high-class sporting event. If this is not enough, recently Denver sports promoters who claim they are assisting black youth have been in the vanguard of convincing the Caribbean nation of Jamaica to recruit an Olympicquality hockey team. The absurdity of this is beyond the sports crowd, a group that is as gullible as those who swallow tax-increment financing. The Olympics will assure that what development projects do not take from the public purse, sporting ventures will. bad and stupid policies of 17th Street. Prior to the Qwest takeover of US West, for example, residents were barraged with the hideous propaganda and programs of its Center for the New West. Usually, the out-of-state chains owning the heart and soul of corporate Colorado do
In 2010, voters said no to Denver creating a special commission to host extraterrestrials. The media and supporters of good government mocked it. Those who opposed it, however, have been silent or accommodating amidst a far more ludicrous suggestion to make Denver the center of space travel. In particular, Front Range Airport wants to emerge as a spaceport, complete with rocket launchings for global traffic. It had already promoted this idea back in the late 1980s as an alternative to Denver International Airport. Now that the latter project has failed to deliver a smidgen of all the marvelous benefits backers promised, the Front Range crowd is set to try again. As with Olympic enthusiasts, no mockery or spreadsheets can dissuade those who literally have stars in their eyes. At the most, the spaceport proposal provides a slight level of entertainment amidst the bleakness produced by 17th Street shenanigans and way believers in the status quo unquestioningly accept them even as they envision traveling in outer space.
national Airport, it went out its way to feature music and poets celebrating the effort. In the process, far from being an autonomous cultural force, allowing locals to hear the best of classical music, it projected itself as little more than an auxiliary to the powers that be. Typical of the CSOs continuous scorn of its audience was the way it switched seats on those buying season ticketsmanagement failed to respond to complaints about such policies. Simultaneously, it closed off sections of Boettcher Concert Hall, so depriving audience members of their choice of seatsthe new ones it offered subscribers were often vastly inferior to those in closed-off sections. Then, even as it was hemorrhaging money, in 2007, it announced it expected Denver taxpayers to assist it in virtually gutting and rebuilding Boettcher Hall. Managements message was increasingly clear: it preferred empty seats to making a basic effort to reach out to the community and subscribers. Far from telling their friends and supporters that the symphony was on the road to ruin, the musicians generally held their peace. They granted management concessions and accepted pay cuts. Amidst this, as the symphonys problems mounted, far from redressing them, members of the board simply quit. Even as the musicians swallowed yet more reductions in pay, union-busters targeted the American Federation of Musicians, blaming it for bad management and the corporate communitys failure to make the symphony into a thriving community institution. Indeed, the more the orchestra has suffered turbulence, the more management has acted to reduce the scope and outreach of the symphony while destroying the integrity of its concerts. The most positive development in all this was the sudden resignation of the general manager behind many of these policies. Executives constantly come and go in the cultural industry. Often they leave behind immense bad will that impacts the institutions they have disastrously led. More often than not, they are transients who hop from city to city, repeatedly wreaking ruin. The musicians acceptance of such policies, in turn, means that they do not have a glowing vision or alternative. On the contrary, they find themselves simply desperately clinging to their increasingly miserable jobs. The overall result is that a funeral dirge, not enlightenment, passion, or hope are the sounds coming from the symphony, an organization illustrating the fruits or arrogance, mismanagement, and cultural snobbery.