Build It And They Might Not Come
Casinos (and even eds-and-meds) are the economic base equivalent of gnawing off your own limbs: desperate, and superficially nourishing, but….
I have conversations with folks all across the country who are concerned about the state of their town’s financial status . They keep coming to the same conclusion. “We’re doing absolutely everything we can to make our town solvent, but it isn’t working.”
Town X already has a premium outlet mall out by the highway that was supposed to generate loads of sale tax revenue. The beauty of an outlet mall is that there are no homes or residents to burden municipal services – only cash registers. That worked for a while. But now every other town on the highway also has some version of an outlet mall so the shops are languishing. In response, this same town just built three! shiny new clusters of big box stores along the same highway using the same theory of economic development. And this is a town that’s had a strict slow…
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