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View Diary: Walmart threatens to pull out of Washington, D.C., over living wage measure (126 comments)

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  •  Walmart wants to buy (2+ / 0-)
    Recommended by:
    elwior, Geenius at Wrok

    property in my neighborhood. It used to be a school.  The school board said it was going to sell off a bunch of "assets" while "downsizing" the district.  They said they would give priority to non-profits and civic organizations that were good for communities.  That was a couple of years ago. Now the idiots are realizing that they aren't going to get the money they want for that property, and they are desperate to sell it. Enter Wal-mart.

    Nobody could have predicted . . .

    "YOPP!" --Horton Hears a Who

    by Reepicheep on Tue Jul 09, 2013 at 04:15:05 PM PDT

    •  For the school board... (0+ / 0-)

      ...to dispose of assets below market rate in order to advance social engineering agendas would be a questionable step.

      If they get $1M less for the properties, that's $1M less they have to upgrade, renovate, and expand existing educational facilities.

      So, they either have to forgo those valuable enhancements (presumably at the expense of education), get the voters to raise taxes to pay for those enhancements, or the enhancements aren't valuable in which case an opportunity was lost to give a "tax holiday" to their taxpayers.

      Decisions like this should really be voted on by the public who will be footing the bill or forgoing a tax break since a school board should stick to education, not unrelated social engineering.

      •  I can't agree with your market argument. (0+ / 0-)

        A school adds value (measurable in dollars) to a community, just like parks, libraries and museums.  Walmart has a history of harming communities and lowering real estate value. You are failing to factor in X=value and desirability of housing property in proximity to new Walmarts.    

        "YOPP!" --Horton Hears a Who

        by Reepicheep on Thu Jul 11, 2013 at 06:41:53 AM PDT

        [ Parent ]

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