Tuesday, October 25, 2016

Kansas City Irrational Exuberance Explained

After the fact analysis from our favorite number crunchers as Downtown real estate speculators are finding this one out the hard way and amid hundreds of thousands of losses: Kansas City's Development Guru Admits He Was Wrong

15 Comments:

Anonymous said...

Kansas City was wrong?

That's shocking?

You mean all that money was for nothing? Except for consulting fees.

Greedo said...

Maybe the 24 million tourists every year can turn this around.

That's what we're counting on right?

Fake numbers from the geniuses at Visit KC?

Right? Let's not base anything on real demand because if we'll do, KCMO will try to ruin it like they're doing in the crossroads.

Anonymous said...

how many numbers did the Show-Me Institute crunch for you Toney? Any fifties or mostly twenties this time?

Anonymous said...

Richard Florida and other "cutting-edge" academics makes his living by writing books and flying around the country giving well-paid lectures. And he and the others know that :
1. Their fanciful academic ideas will be left to others to actually implement, spend the public's money on, and tet whether or not they have any validity or application in the real world. It's best to be long gone and on to the NEXT BIG THING well before the results are in.
2. Understanding the short attention span of the public, book sales gradually fall off and lecture fees fade, so coming up with the NEXT BIG THING is critical to these folks' careers and there'll be a whole new crowd of electeds in cities across the country who want to make their marks, run for something else, and leave their legacies in their communities.
And, since it's all at public expense, why should either the con men selling this crap or the electeds falling for it care.
They don't.
Thanks for playing. Paying, actually.

Anonymous said...

7:03 absolutely nails it.

New Urbanism failed to take into account the most important factor; that being where and how people actually want to live.

Anonymous said...

7:20: +1

6:43 (Trolley boy): Not so much

Anonymous said...

What year was it the TKC Blog Community called the Creative Class dead?

Anonymous said...

This is the problem with academics

Anonymous said...

6:43: Toot toot. Yet another ad hominem hoot. Clunk.

Anonymous said...

It's all bullshit, and by now everybody here knows it, even if they won't admit they know it.

The local "creative class" is just a bunch of low-wage white kids with beards, tattoos and tight pants. What do they create? Fuck if I know. The First Friday art walk is just T-shirt and beer retailing with exercise. The only art in this town is in a couple museums.

It's all smoke and mirrors. Like the $200 million trolley to nowhere and the 24 million tourists a year. When it rains, turds float in the streets.

But fortunes are being made, count on that.

Anonymous said...

6,800,000 trolley riders per day can’t be wrong!

Anonymous said...

Now we know what drives the insanity at City Hall!

Bob said...

Hey, give the guy a break. All Florida wanted was to sell books and become a celebrity. He got both. Anybody who actually believed what he wrote got what they (we) deserved.

Anonymous said...

True enough in some respects, but a lot of libertarian BS otherwise....I'm sure they think tax cuts is the answer to everything...consider the site it was published on...

Anonymous said...

Interesting idea; KCMO is proof it does not work!