According to the
Fresno Bee, City Council nearly wet their collective pants when they saw
Forest City Enterprises presentation for redeveloping the area near the
downtown stadium. Let's hope they don't get star struck and hand over the house keys. Some thorough due diligence will be required.
On its face, the project looks like a definite shot in the arm for Fresno, and is a progression to what Fresno needs--more efficient land-use policy, integrating housing, retail, and commercial spaces. The project would usher into existence a characteristic heretofore lacking in Fresno; an integrated, urban, city-space. The Mall falls a bit short, due to its lack of housing; this flaw would not be replicated with the Forest City project.
I have two primary concerns about the project. 1) How much public money will the developer be seeking, and 2) What will be the impact to existing businesses? Corporations have a habit of feeing at the public trough whenever possible. Last time I checked, a good investment is a good investment; so how much public tax dollars will they want and for what? Also, it doesn't send a good signal to your existing business base when you run roughshod over them to assist another company with land assemblage and financing. It'll be interesting to see how this one plays out over the next few years.
Some questions for the readers:
Do you want to see this project happen?
Do you think the public should contribute a significant sum of money to make it happen, if necessary?
Should
eminent domain be used to acquire needed property, if necessary?