Today
at our weekly Friday pachyderm luncheon we had two successful
developers speak. They have had successful real estate projects all
over the country as well as here in Wichita. The biggest yet and most
notable is the project at 13th st. and Webb rd., The Water Front.
The Water Front was built on an idea that Wichita was going to expand east and fill in that gap
between Andover and Wichita. It was a correct and a good idea as the development filled up fast.
Johnny Stevens and Steve Clark made this project work with no money
from the taxpayers. They had an idea, pursued it and were successful.
The way free markets were meant to work in this great country.
The problem for these two developers and any others is the fact that
now they are competing against the City. When Government chooses to
subsidize one project or another it goes into direct competition with
the private sector, the private sector that pays taxes.
The
Waterfront project contributes more than three million dollars in
taxes annually. That’s good for the City. If developers like these guys
are forced into direct competition with Government, they’ll be driven
out of business, and that’s bad for the city.
Many of these public/private partnerships end up costing taxpayers by taking the place of tax paying businesses.
I too want downtown Wichita to thrive and come to life. I want it to thrive and come to life on
it’s
own and if that’s truly what the people want then that is what will
happen. Development and business will flock to where ever the money is
being spent. Build it and they will come was Hollywood. What came were
ghosts and ghosts don’t spend money. Ghosts make ghost towns.
It’s a simple matter of supplying a demand. If the citizens demand
an area to be developed by spending money there, business will follow.
Simple economics.