The recent collapse of Centene deciding to opt out of building its HQ in St. Louis Downtown ballpark village, a.k.a. the downtown quarry, has been the most recent and largest setback for the building of ANYTHING in Ballpark village. And is a major setback for the City of St. Louis. The Centene HQ was going to bring 1200 jobs into the city and probably kickstart the whole deal. So lets analyze the situation and start pointing fingers, because quite frankly it is time for people to start getting pissed.
Two years and two baseball seasons have gone by one bringing a world championship home and the Cardinals cannot finish the job here in St. Louis. It is my understanding that the Cardinals own the land and have contracted with a Baltimore based Cordish Company to develop the property. So what is the deal? Everyone in town knows that this is possibly the best real estate in the entire state of Missouri. Not only that, the City of St. Louis and the State of Missouri have secured tax credits/funding of $100 million dollars, and Centene was set to receive an additional $70 million dollars for the construction of their building alone. I know that the market for real estate, lending and development is tanking, but $170 million is a lot of money. If you gave me $170 million and said build something, I am betting I could put up a fairly good set of buildings. Heck they could fill out the site in phases, build one or two buildings rent them out. They will be rented out, this is the best baseball town in America. St. Louisans will definitely rent offices, buy lofts and patronize retail and commercial space ACROSS THE STREET FROM BUSCH STADIUM no matter what the economy is doing.
Ok, now for the fun part, lets start pointing fingers:
The players-- Cardinals, Cordish, Centene, City of St. Louis, State of Missouri
Let's start with the biggest loser in this situation, the City of St. Louis and the State of Missouri. The City and State was on a tax dollar giveaway for this thing. Bigtime. They already helped finance the Stadium, taking political heat from around the State to get something done with out even mucking up the process with really any kinds of rules or restrictions. I give them a pass, they bucked up (our money) quite liberally without much of a guarentee in return, save perhaps that the Cardinals would have to build something nice. I don't think that is really too much to ask for, given that we have already helped pay for the new stadium, which was also unnecessary (the Old Busch could have had quite a few more years in her).
So that leaves us the St. Louis Cardinals, Cordish and Centene.
Centene I also give a pass too. They as far as I could tell wanted to build a HQ bringing 1200 jobs to St. Louis to Ballpark Village.
This leaves us with the real culprits: the St. Louis Cardinals and Cordish Co.
From what I hear from people working around this deal is that Cordish is the big hold up in this whole process. I don't really know any details why, and I know the economy is bad right now, but $170 million in public financing should be enough to secure some kind of loans. There has to be some bank out there that is willing to say "hmmm, $170 million that is one heck of a down payment, here's some money! now start building." I know the financing for a project like this is actually ridiculously more complicated, but we are not reinventing the wheel here people. Deals like this have been done in the past. So what is the hold up (not like we will ever find out from the Post-Dispatch press release aggregator/newspaper)?
Now for the beloved St. Louis Cardinals. They have to shoulder the blame also. Our out of town owners have asked for us all to chip in so that we can enjoy our baseball in a brand new facility and consequently, increase the value of the team by hundreds of millions of dollars. So when they sell the team they can pocket that money and we get to pay higher ticket prices. Does that sound like a fair deal to you? I bet this would be a lot more fair if, perhaps, they had to actually spend some money building a thing called Ballpark Village in the mud hole that is currently next to the stadium. But if that part of the deal falls through, (where would they get that idea....Kiel/Savis/Scottrade and the infamous we'll renovate Kiel Auditorium deal...still worthless) they would be off scot-free to make a ton of money selling the team.
So let's sum up the situation, the Cardinals don't want this on their hands anymore, it is too hard for Cordish Co., Centene needs an HQ and can't wait around, and us the citizens bucking up a lot of lucre for this want our god-damned ball park village. I wonder who isn't going to get what they want?
Sunday, March 30, 2008
Thursday, March 27, 2008
Wednesday, March 26, 2008
Villa NOT running for Senate!
State Rep Tom Villa is NOT running for the 5th District State Senate Seat as I guessed earlier. So the question is what IS he running for? He has $190K in the bank....
Let's run through some scenarios:
1.) Villa, the notorious prankster, could just not be running for anything, it all could be a big joke! However, $190K, of which $165K of his own money is a lot of work and money lost in accrued interest for a joke. This is the least likely scenario in my book.
2.) I think Mr. Villa is going to use that cash as seed money for a larger campaign. But what could he run for? Let's look at what we know:
A. He is 63 years old.
B. He comes from one of the longest standing political dynasties in St. Louis City Politics.
C. He has been President of the Board of Alderman and has run unsuccessfully for Mayor.
Take these into consideration and we see a man who has been successful in politics has been an Alderman, State Representative, Majority Whip and Floor Leader in the State House, ran for Treasurer, President of the Board of Alderman and failed in a bid for Mayor. Since he is 63 years old, how many campaigns does the old boy have left in him, not many, unless he is related to John McCain. So for one of his last campaigns what is Tom going to run for? State Senate is a moderate promotion, but most likely he will still be in the minority? His pension is probably set and being a State Senator isn't that much a promotion. So what does Tom do?
Why not pull a big prank, keep any white candidates out of the Senate Race, keep the seat black, earn some goodwill in the black community, who is not that much of a fan of Mayor Slay these days and run for Mayor. Think about it, what black candidate is going to run against the mayor? Lewis Reed, not enough cash right now and he just got in as President of the Board. Mike McMillan, word is Mike wants a coronation rather than a streetfight to win room 200.
So Tom Villa runs for Mayor, hurts the mayor in his base in South City and wins the North Side as the Not Slay guy running for Mayor. The only question is can Mike McMillan restrain himself from running in a race between two southside politicians? No matter what, I think Tom Villa is going to run for Mayor.
Let's run through some scenarios:
1.) Villa, the notorious prankster, could just not be running for anything, it all could be a big joke! However, $190K, of which $165K of his own money is a lot of work and money lost in accrued interest for a joke. This is the least likely scenario in my book.
2.) I think Mr. Villa is going to use that cash as seed money for a larger campaign. But what could he run for? Let's look at what we know:
A. He is 63 years old.
B. He comes from one of the longest standing political dynasties in St. Louis City Politics.
C. He has been President of the Board of Alderman and has run unsuccessfully for Mayor.
Take these into consideration and we see a man who has been successful in politics has been an Alderman, State Representative, Majority Whip and Floor Leader in the State House, ran for Treasurer, President of the Board of Alderman and failed in a bid for Mayor. Since he is 63 years old, how many campaigns does the old boy have left in him, not many, unless he is related to John McCain. So for one of his last campaigns what is Tom going to run for? State Senate is a moderate promotion, but most likely he will still be in the minority? His pension is probably set and being a State Senator isn't that much a promotion. So what does Tom do?
Why not pull a big prank, keep any white candidates out of the Senate Race, keep the seat black, earn some goodwill in the black community, who is not that much of a fan of Mayor Slay these days and run for Mayor. Think about it, what black candidate is going to run against the mayor? Lewis Reed, not enough cash right now and he just got in as President of the Board. Mike McMillan, word is Mike wants a coronation rather than a streetfight to win room 200.
So Tom Villa runs for Mayor, hurts the mayor in his base in South City and wins the North Side as the Not Slay guy running for Mayor. The only question is can Mike McMillan restrain himself from running in a race between two southside politicians? No matter what, I think Tom Villa is going to run for Mayor.
Thursday, March 20, 2008
Racism and the Democratic Party
I have already made a post about "the Speech" however there are repercussions for the Obama campaign by making "the Speech" in lieu of doing what pretty much every other politician in this country would have done, a.k.a. the smart and politically convenient action, throwing the preacher under the bus.
I read this article in politico.com today and it made me realize, as someone who grew up in South City why this is damaging. Many of these working class whites racism is different from the Country Club Racism one encounters among more educated whites, and in the conservative media.
The South City/working class white racism seems (in my very inexpert opinion) to be based on economic competition, cultural tensions between people living in close proximity to each other. The Country Club racism is bred more through ignorance and the Ronald Reagan "welfare queens driving Cadillacs" stereotypes, people who would never utter the n-word yet think all their tax dollars are lining the pockets of people living in the ghetto the conservative Southern Strategy still at work.
No matter either of these racist persuasions, the comments of Rev. Wright give racists the excuse to say why they WON'T vote for Obama. The folks in the politico.com article never would have told that reporter that they wouldn't vote for Obama because he is black, but the anti-white and anti-American comments are the perfect copout (don't give me a lecture about Black Liberation Theology either, it is not going to change these folks minds). Some people would say that these folks aren't voting for the Democratic Party no matter what, the country club racists yes, but working class? But the first time that the problem of racism in the Democratic Party crossed my mind as a problem is after Ohio and I heard exit polling results on CNN about how 20% of voters cited race (Q:"race of candidate was important to you?") as a factor in determining their choice and that 60% of those respondents were voted for Hillary, who won by a ten point spread (54% to 44%) with 76% of the turnout being white, winning 64% of those white voters.
What we see in these numbers are white voters voting for Hillary/against Obama admittedly based on race , at least in part. This is going to be problematic in Pennsylvania and West Virginia. These states are not only geographic neighbors but share many of the same demographics. AND they now have the Rev. Wright excuse that they aren't the ones throwing the first racially charged stone.
I read this article in politico.com today and it made me realize, as someone who grew up in South City why this is damaging. Many of these working class whites racism is different from the Country Club Racism one encounters among more educated whites, and in the conservative media.
The South City/working class white racism seems (in my very inexpert opinion) to be based on economic competition, cultural tensions between people living in close proximity to each other. The Country Club racism is bred more through ignorance and the Ronald Reagan "welfare queens driving Cadillacs" stereotypes, people who would never utter the n-word yet think all their tax dollars are lining the pockets of people living in the ghetto the conservative Southern Strategy still at work.
No matter either of these racist persuasions, the comments of Rev. Wright give racists the excuse to say why they WON'T vote for Obama. The folks in the politico.com article never would have told that reporter that they wouldn't vote for Obama because he is black, but the anti-white and anti-American comments are the perfect copout (don't give me a lecture about Black Liberation Theology either, it is not going to change these folks minds). Some people would say that these folks aren't voting for the Democratic Party no matter what, the country club racists yes, but working class? But the first time that the problem of racism in the Democratic Party crossed my mind as a problem is after Ohio and I heard exit polling results on CNN about how 20% of voters cited race (Q:"race of candidate was important to you?") as a factor in determining their choice and that 60% of those respondents were voted for Hillary, who won by a ten point spread (54% to 44%) with 76% of the turnout being white, winning 64% of those white voters.
What we see in these numbers are white voters voting for Hillary/against Obama admittedly based on race , at least in part. This is going to be problematic in Pennsylvania and West Virginia. These states are not only geographic neighbors but share many of the same demographics. AND they now have the Rev. Wright excuse that they aren't the ones throwing the first racially charged stone.
Best Burgers in St. Louis Gone Forever.
Dooley's Pub, best burgers in St. Louis hands down, closed their doors on St. Patrick's Day last Monday. I don't know where I'll get lunch downtown any more. Article in the Post here.
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