If it walks like a duck and quacks like a duck, it’s probably a duck. But if a mega-project doesn’t have the characteristics—massive public debt, heavy infrastructure burdens, dubious if any benefit for the surrounding area—that usually make such projects so odious, is it still a bad deal?
When a small Massachusetts town made national news as its entire police force quit, it was easy to have preconceived notions about what the moral of the story must be. Then a reader from the town reached out to give us this far more nuanced and interesting explanation.
Akron, Ohio’s subsidies for redevelopment of the failed Rolling Acres mall are a textbook case of the sunk cost fallacy: the tendency to examine new opportunities not on their own merit, but in the context of past investments.
This week, we shone a spotlight on the finances of Cobb County, Georgia, explored when building a parking garage might actually be a prudent move, dissected the meaning of “walkability,” and a longtime contributor argued that public engagement done wrong is not just pointless but actively harmful.
Cobb County, Georgia, has long been all-in on debt-fueled, unsustainable growth, and faces a tough road ahead as poverty grows and its ability to provide services declines. What are some rational responses to this predicament?
“It’s a beautiful day in the neighborhood.”