Mr. Woodard has a question...read about it in the Fort Worth Business Press.
Blow out preventers
In 2007 when the estimated cost of Trinity Uptown had risen from $360 million to $435 million,
Steve Hollern, Clyde Picht, and the late Councilman Chuck Silcox mounted a valiant effort for a petition for a vote by the people to limit Fort Worth’s participation to $26.6 million, being 6.11 percent of the then $435 million estimated cost of the Boondoggle. Much like Arlington wisely did vis a vis Cowboy Stadium.
Because they wanted to keep taxpayer money flowing no matter what the final cost would be, this petition was vigorously and successfully opposed by the city’s leadership - Congresswoman Kay Granger, Mayor and City Council, Commissioners Court, Tarrant Regional Water Board and the real rulers of the city, the Chamber of Commerce.
Since then the estimated cost has spiraled to $909 million. No doubt the next estimate will be at least $1 billion. The question arises: Will Fort Worth’s participation still be 6.11 percent of $435 million ($26.6 million) or will it be 6.11 percent of $1 billion ($61.6 million)? Ask the mayor or your city council member.
Following in conservative Chuck Silcox’s steps, new District 3 City Councilman Zim Zimmerman says that the city does not deal in percentages – it deals with hard dollars and $26.6 is the limit –not one dollar more.
That sounds like the petition to me. With a Zim-minded Council, we wouldn’t need a petition. But that raises another very interesting question. If our participation is limited to $26.6 million, who or what makes up the gaping shortfall? Like the King of Siam said to Anna, “It’s a puzzlement.”
Taxpayers of Fort Worth! Today you grimace at a few cents tax raise that would balance the budget and keep the city swimming pools open in 100 degree weather. Wait until the bills start coming in for the boondoggle! Talk about an out-of-control oil well in the Gulf of Mexico! That Hollern-Picht-Silcox petition that was opposed by and defeated by the leadership was our blow out preventer. It failed.
Know what happens when blow out preventers fail?
– Don Woodard, Fort Worth
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