Taxpayer-Subsidized Projects for the Elite
25th November 2013
“Bands played, balloons soared, fireworks banged and politicians and business leaders glowingly praised Richmond’s future yesterday as several thousand people attended the noontime grand opening of the Sixth Street Marketplace,” the Times-Dispatch reported back in the autumn of 1985.
…
Within five years, the “future of downtown” in Richmond was draining millions from the city’s public treasury just to stay afloat. Soon, experts from the Urban Land Institute were recommending it be torn down. Several years and many millions of dollars later, it was.