Saturday, August 29, 2015
Why No Residential Towers Are Currently Planned For Fort Worth's Imaginary Island
I have mentioned before that rarely does a week ago by where I don't read about some new construction project in downtown Seattle; new skyscrapers, convention center expansion, Pike Place expansion, or, like you see here, new residential towers.
The text under the artist's rendering of the two tall towers says developers are proposing a slew of new residential towers over 400 feet high seizing on the City Council's rezone of South Lake Union to allow for greater height and density. And that developers are high on building Seattle high-rises.
I have not seen a high rise rise in Fort Worth since I have been in Texas.
A few weeks ago Mr. Spiffy made an observation regarding the current stagnant state of development in downtown Fort Worth. Mr. Spiffy suggested that no developer is going to be wanting to develop anything while America's Biggest Boondoggle has the status of downtown Fort Worth in a state of confusion.
Will the imaginary island be where new growth will take place? Will that be where the focus of downtown Fort Worth will shift? Those are the questions a developer would be asking. That and when is that project slated to be completed?
And then when the developer learns America's Biggest Boondoggle has no project timeline, will that would be a real deal killer?
The Trinity River Uptown Central City Panther Island Vision Boondoggle is supposedly an economic development project, combined with an un-needed flood control project.
If this project was projected to be such a boon to the economy of Fort Worth, then why is it not already completed? Why is the project being built in slow motion?
Well, we all know the answer.
America's Biggest Boondoggle became such because the project is funded in a piecemeal fashion.
America's Biggest Boondoggle is not a public works project approved by the voting public approving a bond measure to finance a project for the public's benefit.
It was thought by the Perpetrators of the Boondoggle that hiring local congresswoman, Kay Granger's son, J.D., a lawyer with no project engineering experience, would motivate Kay to secure federal pork barrel funding via earmarks.
But, that plan fell apart when the era of earmarks came to an end. So, Kay has not been able to secure as much federal money as was hoped.
Lacking the money to see the Boondoggle's Vision in a timely fashion, the Frat Boy hired to motivate his mother to get money for the project began to initiate events like Rockin' the River Happy Hour Inner Tube Floats. Along with goofy things like naming the area where the floating beer parties take place, Panther Island Pavilion, along with calling a chunk of land Panther Island, where there is no island, and where there will only be a pseudo island if the long delayed flood diversion ditch is dug to go under the three bridges being built in slow motion over dry land to connect the mainland to that imaginary island.
The Frat Boy also helped bring the popular sport of wakeboarding to Fort Worth by having the Trinity River Vision build a pond so an enterprise called Cowtown Wakepark could provide the wakeboarding experience to the Fort Worth masses yearning to stand on a board while a cable drags them over dirty water.
As we learned yesterday, Cowtown Wakepark is now closed. The first of what will likely be many failures in the ongoing debacle that is America's Biggest Boondoggle.....