• Local Investment Strategy #3: Become a Homeowner
    September 10, 2020   Uncategorized   2 Comments

    (This blog is part of a 12-part series on opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) The COVID economy is riddled with bad news, but there is one bright spot: Interest rates are at a historic low.  This week The Wall Street Journal had the following headline on the front page: “Mortgages Read more

  • A Truly “Business Friendly” Leader
    October 22, 2018   Uncategorized   No Comment

    Where I live, in Montgomery County, Maryland, this is a critical election, because we finally have an opportunity to elect a leader, Marc Elrich, who really understands the meaning of economic development. His principal opponent, Nancy Floreen, is justifying her quixotic, independent bid to become County Executive with the claim that she is the only “business friendly” candidate. As someone who has spent his 25 years working on economic development Read more

  • A Tax Revolt Against Corporate Subsidies
    June 10, 2018   Uncategorized   8 Comments

    Many thanks to the WASHINGTON POST for publishing on June 7th my latest take on the Takoma Junction Redevelopment Project. I argued that Takoma Park is now the proverbial canary in the coal mine. The era of communities giving huge subsidies to developers may be ending, and progressive revulsion at the practice may turn out to be as powerful as the conservative tax revolt ushered in by Proposition 13 in Read more

  • More on Takoma Junction
    April 16, 2018   Uncategorized   32 Comments

    The analysis I summarized in the previous blog post generated numerous responses from the public, the City, and the developer.  One central theme of the responses has been skepticism over my contention that the City is subsidizing the developer, NDC. What follows are my further comments on the debate for the Takoma Park City Council:   Is Takoma Park Subsidizing NDC? My preliminary answer was “yes.”  Compared to the lease Read more