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So Our Mayor Wants To Be A Real Estate Developer!

by Pat Pending

Since the arena deal fell through, Louisville's tax money seems to be burning a hole in Mayor Armstrong's pocket, so he has decided to make the high bid on Vencor's riverfront property and get the city into the real estate development business!  The Mayor says that, if he had "allowed" private developers to purchase the property, they would not have moved fast enough to suit him. 

So, the Mayor will use tax money, that has been forcibly extracted from local residents, in order to compete with local real estate developers, who surely do not know as much as our Mayor about the most efficient and effective way to develop real estate.  Perhaps the Mayor is just using our tax money to practice the real estate development trade, so he will have enough experience to get a real job in real estate development when he ends his term of office.  Or perhaps he foresees the opportunity for lots of payback as he spreads the development money around.  But what's next?  Will the Mayor get the city into the car wash business -- to help improve the city's appearance?  Will he get the city into the fast food business, competing with Papa John's and Tricon?  Or how about the delivery business, to compete with UPS?  No doubt, he knows as much about car washes, fast food, and package delivery as he does about real estate development!  And it certainly makes just as much sense to spend our tax money on these kinds of businesses as on the real estate development business. 

Could some wealthy business person please do us all a favor and offer the Mayor a job to begin in two years, contingent upon his conserving tax money and sticking to his real job of filling potholes and getting criminals off the street?  If not, the city may be competing with you next!