It’s time to stop pretending like El Paso’s biggest challenge is downtown revitalization.
Here’s MountainStar Sports Group’s Executive Director Josh Hunt, in an interview with El Diario:
“Un nuevo y activo Centro es vital para que El Paso se convierta en una ciudad competitiva que pueda reclutar y retener grandes negocios en esta región. Aparte, mejorará la calidad de vida de la comunidad paseña”, dijo Hunt en entrevista con El Diario de El Paso.
Lemme help you out.
“A new and active downtown is vital to turning El Paso into a competitive city that can recruit and retain big business in this region. Also, it will improve the quality of life of the El Paso community,” said Hunt in an interview with El Diario de El Paso.
That’s like having the patient on the operating table for open-heart surgery and deciding to give him a nose job instead.
We’re bleeding out. Population growth has stagnated since El Paso’s city government decided to conduct this grand experiment in social engineering back in 2012. Even if an arena made sense then (and it didn’t) it doesn’t make sense now.
Here’s an article titled Which American Cities Will File Bankruptcy Next? that draws attention to El Paso’s impending pension crisis.
Luckily, for those looking to escape the trauma of being taxed into oblivion by their failing cities/counties/states, JP Morgan has provided a comprehensive guide on which municipalities haven’t the slightest hope of surviving their multi-decade debt binge and lavish public pension awards.
According to the accompanying table, El Paso will need to either raise taxes or cut expenditures by 16% just to fund the impending pension shortfall. And that’s just our pensions. That doesn’t include the other debt in the pipeline. Like the ongoing shortages attributable to the ballpark, or operations and maintenance on the swim centers, or the trolley, or any of the other Quality of Life projects that were under-budgeted.
May I suggest that now is not the time to enter into any more costly capital improvement projects? That maybe we should get our house in order before we throw a party?
Maybe, after we get our finances together, then we can build a Multipurpose Special Events Center. Maybe. If that ever happens.
It’s just common sense. But nobody at the City seems to have any.