Quote:
Originally Posted by Rileybo
You got that backwards.
|
Do I, though? I mean, Seattle didn't exactly die when the Supersonics left.
Sports teams bring in some nice
spikes in customer traffic. But you know what generates
constant customer traffic?
Residential
When people live in the city, they spend money every day — not just on game days.
Look at downtown Los Angeles: Sure, LA Live (the area around the arena) is great. But downtown LA is a ghost town despite it because there's
inadequate residential development there.
Look at Brooklyn: Are you telling me that Brooklyn was a ghost town before 2012 when the Nets moved in from New Jersey? Brooklyn thrives as a healthy urban environment
because of residential.
Look at Seattle: NO NBA team plays at Climate Pledge (Amazon) Arena. The area is doing fine because
people actually live in Seattle.
----
SLC is falling for the same sorry shtick that billionaires have used over and over again to extract wealth from the communities they claim to be helping. Smith Entertainment Group (SEG) wants to
extract money from SLC, not invest in it. True investment means losing money. Larry H. Miller seemed to be okay with losing money on his ventures (e.g. the race track in Tooele). Smith wants to make money. I don't trust him.
But it's not bad enough that he suckered the legislature into handing him their checkbook. He wants to demolish a perfectly good convention center and symphony hall... when there are still
EFFING SURFACE PARKING LOTS in the city.
No. No way. This is BS. Like 1960s-era "let's demolish half the city to fight blight"-level BS. And you guys are just letting this happen?
---
Here's what's going to happen: (and yes, I
will quote this post in 3-4 years when it does)
- Smith is going to sucker the city into handing him carte blanche zoning power
- Smith is going to promise the world
- Smith is going to demolish the 2 blocks
- Tech will tumble. Smith will lose money
- Smith will abandon the project ("Sugar Hole" style) saying "changing market conditions, blah blah blah..."
- Smith abandons SLC, sells the team to St. Louis or something
- The LDS church bails out the project (Triad Center style)
- The LDS church now owns the public property we used to have a perfectly good convention center and symphony hall
I'm not "anti-entertainment district." We DO need to set
CLEAR and demanding expectations now. We need to make sure
increase public
ownership of this project now; not just give handouts to a billionaire. And on the trajectory we're on right now, we're headed for a disaster for Salt Lake City. Remember, Ryan Smith doesn't live downtown. He's a suburb guy. If he were serious about downtown, he'd move Qualtrics into downtown SLC. But I don't hear any talk of that!
SLC has 99 problems: homelessness, affordability, sustainable economic activity, etc. Making Smith happy is not one of 'em!