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Tuesday, January 8, 2008

  • Odds set here for Wolstein , Stark , and Medical Mart
  • Gold and oil prices are up. Our United States economy is down. Seems that you need a scorecard locally to see who is currently winning the land grab wars in downtown Cleveland. More about this sport later. First up..... Let the New Year begin now that Ohio State University has lost yet another National Collegiate Football Championship .Who really cares about the nfl games that will follow? Nothing super about the super bowl , save the super amount of money that will be wagered on the remaining nfl scheduled playoffs and the gaudy super bowl. For this fan football is over until autumn 2008 . Thanks be for that. The Ohio State University versus Louisiana State University game last evening spoke miles for itself concerning who has the better collegiate football team.LSU hands down. The real test of a modern great State is in the number of major elected public officials currently incarcerated for crimes committed while holding public office.Let us examine how Louisiana and Ohio fare in this department. Just as in the Collegiate championship football game victors , the State of Louisiana wins hands down over Ohio in the number of elected officials serving time for committing crimes while holding public office , or their implicit involvement in fraud , bribery , and other politically related crimes. A short list of Louisiana politicians serving time currently , or facing time includes former Louisiana Governor Edward Edwards and his son Stephen Edwards , Orleans Parish School Board President Ellenese Brooks - Simms , former Louisiana Congressman Bill Jefferson , New Orleans City Council member at large Oliver Thomas , Judge Allan Greene , former Louisiana State Senate President Michael O' Keefe , and for good measure a sinner of the old fleshy school variety former Senator David Vitter. Whew! The list just goes on. No room here to document all the swampy political criminals that disgrace the great State of Louisiana. Huey Long would be proud of 'em , one and all! As in collegiate football , Louisiana has Ohio beat in the corrupt politician category hands down! Best Ohio can muster is the pitiful three stooges currently serving time for their white collar crimes : former congress Representatives James Traficant and Bob Ney , and the convicted " coingate " felon and former White house insider Tom Noe.How about them former politicos ?, Louisiana , and Ohio both appear to have terminal flaws in the respective Capital cities of Columbus , Ohio and Baton Rouge , Louisiana. Plenty of soap and water needed to clean up these disgraceful politicians! Game over... Let the local game of handicapping the players who use downtown Cleveland as a real estate scrum begin! For the year 2008 we will make book on which perspective real estate / development projects will actually get of the ground. Using race track logic , the long shot of the proposed projects is developer Stark's Warehouse District dream of one of his suburban " Legacy Village " , type developments , you know the faux little town square types complete with high end retail , big box stores , and a few residences proposed by Stark to fill the damnable empty parking lot space which now comprises fifty percent of the physical space that is referred to as the Warehouse district. I give Stark credit for attempting to fill in the long standing joke that the parking lot district that is also known as Cleveland's " Warehouse District" , is today via buying out the parking operators interests and filling it in with dense Urban development as a progressive City like Cleveland could have in it's design. Good luck however, money will be tight due to ongoing Federal credit problems , complicated by the Nationwide housing slump , and foreclosure mess. Corporate America is pretty strung out on borrowing large amounts of money to fund itself , and will be forced to tighten it's collective belt due to the likely event of a recession this year. Banks will be dreaming of dollars and shitting out nickels this year. Odds at Stark getting off to a 2008 start 85 to 1...... Developer Wolstein and his grand plans for the east side of the downtown Cleveland banks of the Cuyahoga River area known as the " Flats " , fares better to break ground in 2008 , though you can smell the taint of his slapping up an office building in true Cleveland " put the horse before the cart" fashion and poaching existing office leases from other downtown buildings prior to constructing any of the residential , or retail that Wolstein promised for the Flats site. Odds for the office building 10 to 1 , all other aspects of this Flats plan even coming close to getting started in 2008 , 70 to 1..... Now the big enchilada of developments , the more complicated Medical Merchandise Mart / Convention Center project currently having the public side funds collected via a sales tax increase that was generated in late 2007 by vote of the Cuyahoga County Commissioners. This project is racking up millions already via the tax levy , and stands the best chance of breaking ground due to the fact , if for no other reason , that money has been gathered and that usually translates to as much as spending it on your land baron friends , not putting funds aside for some sensible infrastructure improvements that would serve all of Cuyahoga County , not just the vested land grab players in this development ; Cleveland Clinic , University Hospital , the Corporate mess of hotels that is downtown Cleveland today , and most important the local land baron of choice ; Jacobs Group or Forest City that is recipient of the Medical Merchandise Mart / Convention Center location. Odds for this deal breaking ground in 2008 , 25 to 1. None of these projects really have the interests of the citizens of Cleveland or Cuyahoga County in mind via their designs. Unless of course you measure progress in the new service class jobs that these projects may attract when and if completed. Hard to believe , but we have yet to hit bottom in terms of population loss , tax revenues lost , and the ability to attract jobs to this region that are not the mop, bucket, and broom variety. If perchance all three of these projects fail so be it.Perhaps then more attention could be paid to real time problems that face our citizens daily , City services , Schools , and increased Safety forces among the many and diverse Urban problems that complicate life in Cleveland and Cuyahoga County..... Book Selling Time! So Ohio State football flames out in the Superbowl again. No problem! Coach Tressel seems to be a great fellow , and he is pretty secure in his job as long as he continues to manage to extract victories against " that team from up north". Read and listen to some of the best momenst in Ohio State Football history via your purchase of Eric Kaelin's BUCKEYE GLORY DAYS , THE MOST MEMORABLE GAMES OF OHIO STATE FOOTBALL. Last evening's Ohio State defeat for the National Championship is not included in this volume , though it will be considered highly memorable to the Tigers of Louisiana State University and their loyal fans. Louisiana politicians not currently under indictment for white collar crimes included. Best wishes to Kim and John , my family and friends.

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