Quote:
Originally Posted by Comrade
it's a bit wild to me that you're reacting this way despite not living in Utah.
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TIL, moving away from Utah (even for awhile) makes me no longer "in the group." Human tribalism sure is a
great trait our species has, don't you think?
Quote:
Originally Posted by Paniolo Man
It's the lack of information that is upsetting to me. We're committing a billion tax dollars to a billionaire with a vague idealistic plan and no obligation to deliver.
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Hear hear, Paniolo Man!
Right now we (the public) are getting dumped with all very real,
concrete downsides...
- Demolition of convention center (despite opening a convention center hotel)
- Demolition of Abravanel Hall
- Commitment to new sales tax
- $900M commitment from the legislature
- Further erasure of Japantown
- Potential loss of major trade shows during construction
...with only nebulous,
vague promises from SEG:
- A new hotel
- "Housing"
- Not moving the Jazz away
The communication on this has been
horrible! I think my outrage is well justified, based on the current information that we have.
You may crap on me for living in California, Comrade. But I do know this living here: DO NOT TRUST TECH BROS. They make pie-in-the-sky promises and are happy to take every dollar you give them. But a good V.C. (or city government) knows that you have to get
concrete, contractual commitments from these clowns or else they'll walk all over you.
There's a term in tech:
VAPORWARE. When a tech company promises something amazing. Takes a lot of money. It gets delayed and delayed. And eventually never gets delivered — at least in no form remotely close to what investors expected. And without iron-clad contracts, there's little recourse.
The vague nature of SEG's entire project has a twinge of vaporware to it. Hopefully that isn't the case. There's precedent for both:
- Positive: AEG built LA Live. It's a good project. It shows stadium owners, like Ryan Smith, can deliver when they have skin in the game. (It's a little scary to see the SEG project be LA Live, but on steroids -- especially considering how much smaller of a market the Wasatch Front is from Southern California).
- Against: Remember that clown who wanted to build Utah's tallest building at the point of the mountain? Designed by Frank Ghery, no less? And we all sort of took the bait. We forum members tend to let our love for skyscrapers cloud of common sense. (I'm not falling for the trap this time).
Quote:
Originally Posted by Paniolo Man
IEverything else in this state has to at least go through the illusion of being studied before money is allocated. Here we are arguing about what could or couldn't happen, one way or another, Smith is getting that cash.
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I think that's also what really bothers me.
Part of why I love Utah is that, unlike my current state I live in (despite Comrade's objections), money doesn't just fly off the shelves. Love or hate the Utah Legislature, they do tend to slow down and scrutinize spending.
So, to see them rush through a $900M commitment during the 11th-hour of the session with no public comment or scrutiny?
IT SMELLS. This isn't Utah. This is more like Chicago.
Something ain't right here. And I'm going to keep being a squeaky wheel until SEG puts down some
CONCRETE commitments and plans to match the cold reality of the COSTS the public are going to pay.
Hopefully, we'll get good details that assuage concerns and put us on a pathway to a viable project. Until then, I'm worried.