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Showing posts with the label economy. economic development

Changing Economic Paradigms

Weston Neil Andersen, founder of Andersen Design at age 91, photograph by Susan Mackenzie Andersen The narrator of the video, produced by GHD inc  is selling the need for the round about. He tells us that the traffic going to the Boothbay Botanical Gardens will double in the next twenty years with nothing to back that up but his confident tone of voice. Selectmen promoting tiff financing speak as if there can be no doubt that projected property taxes will yield sufficient return on the investment to cover Boothbay's cost of the round about. Tiffs are seldom spoken about in terms of risk, but there is no such thing as a no risk investment. The future does not follow a certain path. My family has been selling in this region since 1958 but we did not anticipate the sudden down turn in summer tourist spending that happened regionally in 2002 and has continued to decline ever since. The next year, The Boothbay Opera House reopened as an entertainment venue, followed by the B