Category: Boston

When the house loses: Part 5, Backed up with money?

30 September, 2014 (09:00) | Boston, Casinos, Cities, Economic development, Economics, Everett, Gambling, Housing, Infrastructure, Land use, Local issues, Real estate taxes, Speculation, US News | No comments

[Continued from yesterday's Part 4 and the preceding Part 1, Part 2, and Part 3.] By: David A. Smith If I had a gun for every ace I have drawn, – Loser, Grateful Dead (Jerry Garcia, Robert Hunter) The curious land economic dynamics of developing urban casinos, as we saw in the preceding installment of […]

When the house loses: Part 4, Impossible business risk?

29 September, 2014 (09:00) | Boston, Casinos, Cities, Economic development, Economics, Everett, Gambling, Housing, Infrastructure, Land use, Local issues, Real estate taxes, Speculation, US News | No comments

[Continued from Friday's Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith And you know I’m only in it for the gold – Loser, Grateful Dead (Jerry Garcia, Robert Hunter) As we’ve seen so far in this extended post, casinos are in business to make money – which is perfectly proper […]

When the house loses: Part 3, Predictable for this type of site?

26 September, 2014 (09:00) | Boston, Casinos, Cities, Economic development, Economics, Everett, Gambling, Housing, Infrastructure, Land use, Local issues, Real estate taxes, Speculation, US News | No comments

[Continued from yesterday's Part 2 and the preceding Part 1.] By: David A. Smith Don’t you push me baby, ‘cause I’m all alone Well I know a little something you won’t ever know – Loser, Grateful Dead (Jerry Garcia, Robert Hunter) In yesterday’s installment of this multi-part post we saw that casinos generate substantial localized […]

When the house loses: Part 1, $700 million a year?

24 September, 2014 (09:00) | Boston, Casinos, Cities, Economic development, Economics, Everett, Gambling, Housing, Infrastructure, Land use, Local issues, Real estate taxes, Speculation, US News | No comments

By: David A. Smith All that I am asking for is ten gold dollars I could pay you back with one good hand – Loser, Grateful Dead (Jerry Garcia, Robert Hunter) Gold has been coveted since prehistory because it is small, rare, and valuable In Las Vegas they remind gamblers, The house always wins, but […]

Oh, THAT money we were supposed to collect: Part 4, “The BRA? That’s me!”

11 September, 2014 (09:00) | Affordable Housing, Audits, Boston, Boston Redevelopment Authority, BRA, City Government, Corruption, Development, Eminent domain, Housing, Inclusionary zoning, Linkage fees, Local issues, Martin J. Walsh, Politics, Thomas Menino, Urban planning, Urban renewal, Zoning | No comments

[Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith “The BRA?  That’s me!” As we saw yesterday, the BRA had no internal accountability (of its employees, who were never performance-reviewed), and no external accountability (to its stakeholders, who were cowed into silence).  Sources used in this post […]