This page contains a single entry from the blog posted on February 24, 2004 1:25 AM.
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Sometimes when I play video poker on my home computer, I lose some money (all pretend money, of course, with my little home program). But I'll keep playing and playing, sometimes until all hours, trying to win it back. I forget Kenny Rogers's admonition, "You got to know when to fold 'em." By the time I give up, I'm just as far behind as when I should have quit, if not more so. Plus, I've wasted a lot of time, and I'm exhausted to boot.
The City of Portland has been behaving exactly the same way in connection with the Oregon Convention Center, and there's no sign it's going to call it a night any time soon.
Just yesterday we hear that, it's official, no one's going to build a large flagship hotel near the Convention Center unless the city's taxpayers pay a good chunk of the construction cost. And of course, the City Council and its slush fund, the Portland Development Commission, are hard at work figuring out how to raise those tax dollars and get the hotel built.
What a crock. As I've argued on this blog at least once before, the Convention Center was a flop when it was smaller, and it's an even bigger flop now that the city has paid $116 million to double its largely empty space. That expansion never should have taken place until the hotel issue was settled, but Vera, Erik & Co. ran right out and spent tax dollars to build it, despite a clear mandate from voters that they didn't want it.
That misstep came along with the renovation of Civic Stadium -- tens of millions spent on luxury boxes and the like, for minor league baseball and funky league soccer. All of which has led to a string of fiscal disasters for our cash-strapped city.
Together these are among the worst public financing decisions in the city's history. Sure, the commissioners will tell you that the wasted money is all coming out of the hotel-motel tax, which is paid by tourists. But that's the same malarkey they'll try to sell about how the hotel is going to be built from "urban renewal" funds. There are "different pots of money," "different colors of money," and we should focus on the pots and the colors, rather than on the fact that it's all coming from us taxpayers.
Call them out on it. Those are all tax dollars that should have been spent on public safety and schools. We didn't need a larger white elephant Convention Center, and we don't need a white elephant hotel on top of it.
Portland's never been a good convention city, and there is a very good chance that it never will be. It's time to fold 'em while we're only down $116 million.
Regardless of how the hotel financing goes, I think we ought to name the new wing of the Convention Center after Mayor Katz. It's quite the symbol of her tenure, which, mercifully, will be ending soon: very, very expensive, and mostly empty, most of the time.
If a convention center hotel made economic sense, someone would have built it by now.
The Laquedem Solution:
(1) Designate the Lloyd Center Doubletree as the "convention center hotel." It's one MAX stop (1000 feet) away from the convention center. It has 476 rooms, within shouting distance of the 600 rooms that the City wants in a CC hotel.
(2) Let the Doubletree build 124 more rooms on an adjacent block, with a skybridge and tunnel to connect to the existing building.
Now we have a 600-room convention center hotel. Lots cheaper than starting from scratch!
In addition, the Hilton, Heathman, Embassy Suites, and many others downtown are a five-minute MAX ride away from the Convention Center -- enough room to hold any sort of convention that Portland could plausibly play host to.
But that's the same malarkey they'll try to sell about how the hotel is going to be built from "urban renewal" funds. There are "different pots of money," "different colors of money," and we should focus on the pots and the colors, rather than on the fact that it's all coming from us taxpayers.
Call them out on it. Those are all tax dollars that should have been spent on public safety and schools.
Unfortunately, it doesn't work this way. There are, in fact, different pots/colors of money. Projects in urban renewal areas are paid for through proprty tax increases that would not have occurred without investment which prompts growth and development. Meaning: The money paying for those projects doesn't exist for general fund purposes, and therefore simply can't go to pay for other things, such as safety and schools.
That doesn't mean that all URAs or projects in URAs are the proper thigns to do. But it does mean that the money wouldn't be there at all for other purposes, so it's simply inaccurate to speak as if it could be used for, say, safety or schools instead of some URA-based development project.
Some of Katz's (ot the Portland Development Commission's) priorities may be off the mark. But she is nonetheless correct when she speaks of different color of money, no matter how much it may irritate her critics to hear it.
I agree with you, Jack, and I acknowledge that blX is also right. How can I reconcile that?
Well, in my mind it is simple.
Somehow, after twenty some years of "smart growth" I think things have gone terribly astray.
I think city government has gotten too far afield from the core functions of government. Market forces, not market manipulation, should drive development. Time and time again I have stated that the city should quantify the return on investment of these development projects. They can't and they won't, because they don't pencil out. If there are profits to be made through development, business interests will recognize it and make the proper investments. Some will argue that this will cause "uncontrolled development" (that's mostly from the 'business is evil' crowd), but that's what zoning is for. The city government's job is to provide fire and police services, water and sewer services and to enforce licensing and codes. The fact is, that part of their job is not sexy, not very exciting and they are bored by it. It's much more fun to play "sim city". Also, if, as an elected official, you are not driving development schemes, it becomes difficult to return campaign contribution favors from big developers. What they really ought to do is dissolve the PDC, take the money saved to abolish the business income tax, and create an environment where people can get back to work in this town.
Sorry, Bix, but the "pots" and "colors" are largely, if not entirely, accounting baloney.
First of all, the hotel-motel tax could have been used for anything the city wanted to use it for, including schools and public safety. It just isn't, because the City Council decided it shouldn't be.
As for "urban renewal" money, as I look at my property tax bill, 7.54% of the money I pay -- all green, all coming out the pot known as my checking account -- goes to something called "Urban renewal - Portland." I do not live in an urban renewal zone. There hasn't been a new building built anywhere near my house in probably 50 years. That money should also go for schools and public safety. Instead it is going to the Vera Katz Theme Park. Moreover, many beneficiaries of the Theme Park amusement rides (e.g., the streetcar) don't pay this tax, because the property taxes on their ugly highrise boxes are forgiven for a decade or more.
There is at least one local con that is too big for current Portland facilities. It takes place every November at the Doubletree Columbia River, which doesn't really have enough function space and so the program is somewhat curtailed, and membership is limited to 1600. This con has sold out all but 1 of the last 10 years, and would like to grow, but there's nowhere else in Portland to go to serve the group...at least, not a rate they want to accept. The room rates have been below $100 for a standard room, and the group is not very price elastic.
It's Orycon, the Oregon science fiction convention. Last fall was the 25th annual Orycon.
Listed below are links to weblogs that reference Time to fold:
» Urban Renewal Areas And Those Pesky Colors Of Money from The One True b!X's PORTLAND COMMUNIQUE
Elsewhere, Jack Bogdanski has a rant against the Convention Center, in which he hits upon some more general points we feel are important to discuss. Those of you who already have read the item will... [Read More]
» Property Taxes And The 'Urban Renewal Special Levy' from The One True b!X's PORTLAND COMMUNIQUE
As it happens, while perusing the Portland Development Commission's answers to questions about urban renewal raised by the City Council during its (continuing) consideration of extending the Downtown Waterfront Urban Renewal Area, we finally discovered... [Read More]
» Urban Renewal Areas And Those Pesky Colors Of Money from The One True b!X's PORTLAND COMMUNIQUE
Note: This post has been updated. Any and all updates appear at the end of the original post. Elsewhere, Jack Bogdanski has a rant against the Convention Center, in which he hits upon some more general points we feel are important to discuss. Those of ... [Read More]
Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend
Familia Bianchi, Malbec 2009
Terrapin Cellars, Pinot Gris 2011
Columbia Crest, Walter Clore Private Reserve 2009
Campo Viejo, Rioja, Termpranillo 2010
Ravenswood, Cabernet Sauvignon 2009
Quinta das Amoras, Vinho Tinto 2010
Waterbrook, Reserve Merlot 2009
Lorelle, Horse Heaven Hills, Pinot Grigio 2011
Tarantas, Rose
Chateau Lajarre, Bordeaux 2009
La Vielle Ferme, Rose 2011
Benvolio, Pinot Grigio 2011
Nobilo Icon, Pinot Noir 2009
Lello, Douro Tinto 2009
Quinson Fils, Cotes de Provence Rose 2011
Anindor, Pinot Gris 2010
Buenas Ondas, Syrah Rose 2010
Les Fiefs d'Anglars, Malbec 2009
14 Hands, Pinot Gris 2011
Conundrum 2012
Condes de Albarei, Albariño 2011
Columbia Crest, Walter Clore Private Reserve 2007
Penelope Sanchez, Garnacha Syrah 2010
Canoe Ridge, Merlot 2007
Atalaya do Mar, Godello 2010
Vega Montan, Mencia
Benvolio, Pinot Grigio
Nobilo Icon, Pinot Noir, Marlborough 2009
Portuga, Rose 2011
Revelation, Chardonnay, Pays d'Oc 2010
Beaulieu, Cabernet, Rutherford 2005
Monte Alto, Tinto Reserva 2005
Chateau Ste. Michelle, Cabernet, Indian Wells 2009
Espiral, Vinho Rose
Vin-Koru, Pinot Gris 2011
14 Hands, Hot to Trot Red 2009
Rodney Strong, Cabernet, Sonoma 2009
Abacela, Vintner's Blend #11
Portuga, White 2010
La Bourgeoisie, Red 2009
Januik, Red 2009
Three Rivers, River's Red 2008
Kirkland, Alexander Valley Merlot 2008
Muga, Rioja Rose 2010
Quinta das Amoras, Vinho Tinto 2009
Mauro Molino, Barbera d'Alba 2009
Garda Chiaretto Rose
Columbia Crest, Two Vines Vineyard 10 White
Chateau Ste. Michelle, Pinot Gris, Columbia Valley 2009
L'Hortus, Rose de Saignee 2010
Maculan, Pino & Toi 2008
McKinley Springs, Bombing Range Red 2008
Trader Joe's Pinot Gris 2009
Montes Alpha, Cabernet 2007
Gran Sasso, Sangiovese, Terre di Chieti 2009
Garda, Classico Chiaretto Rose
Beaulieu, Cabernet, Rutherford 1999
Picos del Montgo, Tempranillo 2008
Chateau de Montmirail, Vacqueyras 2008
La Granja 360, Syrah 2009
Montgras, Carmenere Reserva 2009
Lange, Pinot Gris 2009
Columbia Crest, Horse Heaven Hills Cabernet 2008
Kirkland, Pinot Grigio 2010
Trader Joe's Coastal Syrah 2009
Columbia Crest, Horse Heaven Hills Merlot 2008
Trader Joe's Coastal Chardonnay 2009
Vieux Papes Red
Domaine de l'Aujardiere, Chardonnay 2009
Santa Rita, Cabernet, Medalla Real 2007
Penfold's, Koonunga Hill Shiraz Cabernet 2008
Guild, Red, Lot #02 2008
Dievole, Dievolino Sangiovese 2008
Laforet, Burgogne Chardonnay 2009
Columbia Winery, Merlot 2007
Bonterra, Cabernet 2008
Elk Cove, Pinot Gris 2009
Maquis Lien 2006
Scott Paul, Pinot Noir, Le Paulee 2007
The Occasional Book
Hope Larson - A Wrinkle in Time, the Graphic Novel
Rudyard Kipling - Kim
Peter Ames Carlin - Bruce
Fran Cannon Slayton - When the Whistle Blows
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt
Road Work
Miles run year to date: 29
At this date last year: 66
Total run in 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269
Comments (9)
Amen, brother Jack.
Posted by Scott | February 24, 2004 6:02 AM
If a convention center hotel made economic sense, someone would have built it by now.
The Laquedem Solution:
(1) Designate the Lloyd Center Doubletree as the "convention center hotel." It's one MAX stop (1000 feet) away from the convention center. It has 476 rooms, within shouting distance of the 600 rooms that the City wants in a CC hotel.
(2) Let the Doubletree build 124 more rooms on an adjacent block, with a skybridge and tunnel to connect to the existing building.
Now we have a 600-room convention center hotel. Lots cheaper than starting from scratch!
In addition, the Hilton, Heathman, Embassy Suites, and many others downtown are a five-minute MAX ride away from the Convention Center -- enough room to hold any sort of convention that Portland could plausibly play host to.
Posted by Isaac Laquedem | February 24, 2004 7:38 AM
What? Ask people to ride the MAX for five minutes? How plebeian. They might be exposed to Portland's poor people.
Posted by Claire | February 24, 2004 9:16 AM
But that's the same malarkey they'll try to sell about how the hotel is going to be built from "urban renewal" funds. There are "different pots of money," "different colors of money," and we should focus on the pots and the colors, rather than on the fact that it's all coming from us taxpayers.
Call them out on it. Those are all tax dollars that should have been spent on public safety and schools.
Unfortunately, it doesn't work this way. There are, in fact, different pots/colors of money. Projects in urban renewal areas are paid for through proprty tax increases that would not have occurred without investment which prompts growth and development. Meaning: The money paying for those projects doesn't exist for general fund purposes, and therefore simply can't go to pay for other things, such as safety and schools.
That doesn't mean that all URAs or projects in URAs are the proper thigns to do. But it does mean that the money wouldn't be there at all for other purposes, so it's simply inaccurate to speak as if it could be used for, say, safety or schools instead of some URA-based development project.
Some of Katz's (ot the Portland Development Commission's) priorities may be off the mark. But she is nonetheless correct when she speaks of different color of money, no matter how much it may irritate her critics to hear it.
Posted by The One True b!X | February 24, 2004 12:52 PM
I agree with you, Jack, and I acknowledge that blX is also right. How can I reconcile that?
Well, in my mind it is simple.
Somehow, after twenty some years of "smart growth" I think things have gone terribly astray.
I think city government has gotten too far afield from the core functions of government. Market forces, not market manipulation, should drive development. Time and time again I have stated that the city should quantify the return on investment of these development projects. They can't and they won't, because they don't pencil out. If there are profits to be made through development, business interests will recognize it and make the proper investments. Some will argue that this will cause "uncontrolled development" (that's mostly from the 'business is evil' crowd), but that's what zoning is for. The city government's job is to provide fire and police services, water and sewer services and to enforce licensing and codes. The fact is, that part of their job is not sexy, not very exciting and they are bored by it. It's much more fun to play "sim city". Also, if, as an elected official, you are not driving development schemes, it becomes difficult to return campaign contribution favors from big developers. What they really ought to do is dissolve the PDC, take the money saved to abolish the business income tax, and create an environment where people can get back to work in this town.
Posted by Dave Lister | February 24, 2004 2:34 PM
Sorry, Bix, but the "pots" and "colors" are largely, if not entirely, accounting baloney.
First of all, the hotel-motel tax could have been used for anything the city wanted to use it for, including schools and public safety. It just isn't, because the City Council decided it shouldn't be.
As for "urban renewal" money, as I look at my property tax bill, 7.54% of the money I pay -- all green, all coming out the pot known as my checking account -- goes to something called "Urban renewal - Portland." I do not live in an urban renewal zone. There hasn't been a new building built anywhere near my house in probably 50 years. That money should also go for schools and public safety. Instead it is going to the Vera Katz Theme Park. Moreover, many beneficiaries of the Theme Park amusement rides (e.g., the streetcar) don't pay this tax, because the property taxes on their ugly highrise boxes are forgiven for a decade or more.
Posted by Jack Bog | February 24, 2004 5:10 PM
Dave Lister wrote: "The city government's job is to provide fire and police services, water and sewer services and to enforce licensing and codes."
I thought its job was to help fund projects for the clients of Uncle Neil, but I may be missing something.
Posted by Isaac Laquedem | February 25, 2004 9:59 AM
Actually, Uncle Neil's funding comes from invested PERS retirement money by way of his wife, Diana.
Posted by Dave Lister | February 25, 2004 3:39 PM
There is at least one local con that is too big for current Portland facilities. It takes place every November at the Doubletree Columbia River, which doesn't really have enough function space and so the program is somewhat curtailed, and membership is limited to 1600. This con has sold out all but 1 of the last 10 years, and would like to grow, but there's nowhere else in Portland to go to serve the group...at least, not a rate they want to accept. The room rates have been below $100 for a standard room, and the group is not very price elastic.
It's Orycon, the Oregon science fiction convention. Last fall was the 25th annual Orycon.
Posted by Kris Hasson-Jones | March 1, 2004 4:31 PM