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Applause........

It's good to see this but it would happen ballpark or not.
Wilmington is a good place to live - right now - even without a ball park.
And, like Durham, the city may be recognizing that the best long term growth strategy has got to include residents that are in the area 24/7, and not an entertainment venue that operates only for 2.5 hours 70 times per year.
Residential development also pays taxes which is good.
They also have their own insurance which is VERY good.

Think about this.
Picture the next Hurricane Sandy pushing a wall, or surge of water 13 feet high up the Cape Fear.
If we pass the ballpark referendum - the city will be on the hook for out of pocket repairs to
1 - replace the entire River Walk
2 - Repair or replace the convention center
3 - Repair or replace the ball field

As mayor Bloomberg said yesterday (I will paraphrase) "We have to plan better. In the last 18 months we've had two events that were classified as "100 year" events. We have to plan for climate change."

Think about it.
What would WE be facing at the CC and River walk had Sandy come through here?

I can tell you this. It would cause and almost immediate rise in taxes to pay for the extensive damages.
A stadium owned privately would be insured as would river front condo's.

We need to get city owned property out of harms way.......

Vog

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