Commonosaurus Rex: Time to Die Off
The Seattle Commons has all the momentum of a monster. With heavyweight political and financial support, the project moves forward, yet is nimble enough to dodge thorny questions.
"What's the matter, you don't like greenspace?" seems to be the pat (almost McCarthyist) response to concerns about the fate of Cascade residents, the level of planned "low-income" housing, and who will pay for its $400 million or so price tag.
Now comes word of a proposed (and presumably public-funded) $100 to $200 million Northwest Museum of Natural History at the Commons.
Not to impede urban evolution, but the dinosaur deal is probably as ephemeral as the "move-the-library-to-the-convention-center" plan. But the Commons itself has yet to die off, despite some noticeable flies in the amber.
A 14-page report drafted by the Seattle Planning Department, which posed skeptical questions about the Commons, was buried shortly after it hatched last fall. Among other things, the report asked how the city plans to get hold of $90 million in federal and state transportation funds for the Commons when it only has access to $15 million annually. If that money gets diverted to the Commons, even over six years, what's left to fix the city's streets, bridges and highways?
Groups critical of the Commons found out about the report in February. The report is a public document, but like most memos sent to the mayor, it wasn't meant for prying eyes.
And despite a blase attitude by the Commons Committee, the tax-increment financing (TIF) instrument for raising the $250 million balance of public funding is in disfavor across the country. TIF is a mechanism where bonds are issued to pay for public works projects. The bonds are then supposed to be paid off through real estate tax revenues after the project pumps up the economy and boosts the value of real estate in the development zone. But TIF is increasingly seen as another 1980s real-estate speculation scam. Numerous U.S. cities have been burned when their grandiose (re)development projects soured and the cities cut into fire, police and school funds to make the bond payments.
An article in the February issue of Governing, a city planning magazine, noted problems in the 44 states that allow cities to use TIF. For instance, St. Petersburg, Fla. can't make its bond payments on its flashy $60 million downtown redevelopment. In Minnesota, school districts fell behind on their state-mandated funding levels because cities were paying off bonds for projects that did not generate the expected revenues.
In Washington, TIF is technically illegal. The state constitution says that public money must go to public projects and bans diversion of revenues meant for the state school fund. A Spokane County Superior Court judge recently ruled that an attempt by the City of Spokane to use Community Redevelopment Financing, a variation on TIF, violates the constitution. A State Supreme Court decision on that case may decide if the Commons can use TIF.
Meanwhile, the state legislature just doubled Seattle's $314 million capacity to float bonds, although Governor Lowry has yet to sign it into law.
Maybe when the TIF bonds come due, the Commons can charge admission to an expensive "Jurassic Park" theme zoo. Then again, the Commons is already a showcase for the cold-blooded and the poorly-adapted. "What's the matter, you don't like dinosaurs?" [see previous WFP coverage on the Seattle Commons proposal]
-Eric Nelson
To e-mail Eric Nelson:
WAfreepress@gmail.com
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Contents on this page were published in the April/May, 1994 edition of the Washington Free
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