Posts Tagged ‘revitalization’

For the past year I’ve been working pretty hard as a volunteer to support the administration by providing what I hope are responsible processes for engaging the public in designing a fiscal way forward for the city. As part of the Fix Trenton’s Budget Committee, I’ve helped elicit public priorities about the budget, I’ve helped propose a budget process that would lead to more deliberative choices and I’ve helped to put forward new ideas on revenue especially the Land Value Tax. In addition, I’ve respectfully suggested that we take a more pragmatic approach to our support for subsidized housing. These efforts have met with mixed success.

The Fix Trenton’s Budget Committee’s efforts have been mainly targeted at helping the city to be more responsive. However, over the years, I’ve also dedicated this blog to many of the fundamental economic principles that could lead Trenton to revitalization. Many of these ideas are difficult for citizens to get excited about. Most people’s eyes simply glaze over when they read about money.

Certainly my ideas have fallen on deaf ears in both the previous and current administrations and for the most part on both the previous and current city council. Math and fiscal discipline aren’t fun. I get that.

However, allow me to point out another economic truism that should get everybody’s attention.

Civil unrest is bad for business.

The racial intolerance and threatening language that the Recall Mack campaign workers experienced this week from the Mayor’s supporters including his brother, is a sign of a civil unrest in Trenton. It belies an undercurrent of hate that’s been stoked by the Mayor’s supporters that could easily lead to violence.

Rarely do vibrant economies flourish in this kind of atmosphere. Can you imagine a white family wanting to move to Trenton when city workers and the Mayor’s political supporters shout racial epitaphs at their white neighbors? Would black families of good nature come here? Hispanics or Asian? If I had seen this 11 years ago when I was deciding to invest in Trenton I know I would have reconsidered.

With this kind of attitude in City Hall, how will ideas meant to attract investment (some of it from white developers) ever win public support. Anything a white person suggests will be met with suspicion by a populace emboldened by their leadership to think “black first”. We just can’t have that.

It’s difficult for me to feel good about suggesting economic ideas to help the city when I think that my neighbors and perhaps even our city leaders will discount them because I’m white.

Trenton is a difficult situation and it’s going to take the best ideas in this country to fix it. We don’t have the luxury of wallowing in a pit of racial hatred.

In fact, I’ll go further and suggest that one of the key ingredients to reinventing Trenton is for this city to be seen as a bastion of racial harmony. New residents and investors like racial harmony and avoid the kind of hate speech that’s happening in Trenton today.

Mayor Mack gave his first State of the City address tonight.  What a great opportunity to lay out a vision and plan for the city you love.  What an opportunity to solidly address Trenton’s number one problem, its economy.  What a great opportunity to turn around a tumultuous 1^st year term and silence the critics. 

What an opportunity not taken. Read the rest of this entry »

No matter what you hear from boosters selling you rose colored glasses or what you hear from detractors who think everyone who visits the Capitol City gets shot, Trenton’s economic situation is bad.  Our per capita income is about half the average for New Jersey as is our assessed property value.  We can’t afford our own municipal government, much less our schools.

We’re overburdened given our size and even with state and federal aid, our tax rate is high. The plain truth is that our tax rate for 2011 will be the highest in NJ.  In this regard, our property tax is definitely, “foe”. Read the rest of this entry »

As the new Citizen’s Budget Committee prepares to form its recommendations to the public and our elected officials, I pondered aloud to my committee, “what limits our pace of revitalization?”

I’ll get to the answer but first I’ll recap the problem and the solution.

Our economic problems are dangerous

Read the rest of this entry »

A good first step towards Trenton’s revitalization is reinventing its tax system. Restructuring the tax system will take strong leadership, a good ability to communicate and a desire to be a leader in NJ’s efforts to reinvent its urban centers. My hope is that our next mayor can take up the mantle of making this important change. Read the rest of this entry »

Last Christmas, I wrote an article about how community spirit is a necessary and present ingredient for Trenton’s revitalization.

“Community spirit as an economic engine”

Beautiful Trenton is the best example of that spirit to date but there are problems.

Read the rest of this entry »

One of the most maddening debates you can have in Trenton is about city investment in new business vs. residential living.

Almost, to a person, the political elite in Trenton will tell you that investment in business is the top priority. I’ve had this debate countless times and you can see it in the political rhetoric of our candidates. However, when pushed by the logic of residential development, they’ll eventually say, “well it’s really a chicken and egg” problem. Read the rest of this entry »

Trenton’s numbers don’t tell a pretty story.  By anyone’s measure it’s currently an unsuccessful city.

• Trenton has 17.5% unemployment,
• We have a $20M budget shortfall,
• We will be bankrupt in 2012
• We have the highest taxes in NJ
• We have the 2nd highest crime rate in NJ
• And, we’re losing population

This is not a good situation. Read the rest of this entry »

The July 18^th edition of Trenton’s Urban Studies group had Alan Mallach as its guest speaker. Mr. Mallach has been studying cities for 40 years and works today as a consultant and author on the subject. He was formerly Trenton’s Economic Development director back in the 90s.

The upshot of Mr Mallach’s comments was that a small city like like Trenton, should have as its objective, to increase the numbers of higher income residents. Increasing downtown residency is an important part of this prescription. Read the rest of this entry »

Of the five major ways to foster urban revitalization;

1. Facilitating high end real estate development,
2. Supporting the arts and culture,
3. Cleaning up the joint,
4. Squashing the gangs, and
5. Creating a reason for Trenton to be here,

Only “Cleaning up the joint” can be done inexpensively.

Visitors to Trenton often comment that the city looks “run down” and dirty. Residents agree. Read the rest of this entry »