It’s time for elected officials to think and act like owners.
This is Greg C. Truax with OnThePoint.
A Tampa Bay Times editorial asks: Is affordable housing actually affordable if taxpayers contribute $500,000 to build each home? A majority of St. Petersburg City Council members approved a project requiring more than $12 million in subsidies to build just 24 townhomes. The editorial called the project a bad deal.
The New York Times reports that in San Francisco a tiny public bathroom with a toilet and sink was going to cost a jaw dropping $1.7 million. That’s about the purchase price of a single-family home in San Francisco. Taxpayers weren’t amused and the expensive toilet project was nixed.
Meantime, taxpayers are left scratching their heads in disbelief.
Greg C. Truax is president of GCTMediaGroup, a film production studio, online magazine publisher, radio show producer, and creator of written and broadcast opinion commentary