Crony Capitalism, scourge of urban “renewal,” Even in Kansas

 

The ears of taxpayers should always perk when they hear the words, “public/private partnership”. Local cronyism can be some of the worst.

(From Kansas.com)

…don’t sell off Wichita’s riverfront.

This is the cry from The Wichita Eagle. It is not an unfamiliar cry to many a small city resident. Wichita has already had some “urban renewal” issues.

And then there’s WaterWalk, a public-private partnership with dismal results: After 15 years and $41 million in taxpayer subsidies for the development between Waterman and the Kellogg freeway, the city of Wichita has a vacant Gander Mountain store, a scattering of office and residential units, a parking garage and dancing fountains.

Click here for the article.