Unconvinced by optimism of hotel report

Source: Frederick News Post
Author: Jack Lynch
Article Type:
Date Published: 07/15/2012

Boondoggle. That’s what it feels like when the mouths of our public officials in the City of Frederick anxiously spout the advantages and certainty of a downtown hotel complex. A second consultant’s analysis was barely out of the boardroom, with next to no vetting or public comment, and they’re talking about incentives like building parking decks and deferring risk. Government is supposed to be risk-averse. When officials defer risk for private concerns, the public tax coffers suffer, the projects often fail because they’re not viable, and we’re left holding a useless, unmarketable disaster.