Monday, January 28, 2013
Quite an interesting article from an out-of-town newspaper examining in-depth D.C.'s dependence on federal money and a rapidly-expanding contractor workforce to push the city's growth.
Myself, I doubt the article's fundamental thesis. The author concludes that it's all federal dollars that is fueling construction in the D.C. area. Baloney! Much of the city's downtown growth has come because the city has given away land for close-to-free and provided hundreds of millions of dollars in tax increment financing to support this development. The federal tax break for first-time home buyers in the city hasn't hurt at all.
But it's still a really good article. One the Local Paper could never dream of printing, because it involves investigative journalism and real news reporting.