The City Council Auditor has recently released the results of their audit of the Jacksonville Economic Development Commission.
The audit reinforces what we have been saying all along. The promises made by the advocates of corporate welfare in the form of the Jacksonville Economic Development Commission are often not delivered. With over a decade long track record of corporate giveaways, handouts and bailouts, taxpayers have little to nothing to show for millions of dollars that have been “invested” .
We applaud the new mayoral administration’s proposed elimination of the JEDC but are skeptical of the dubious effort to re-brand corporate welfare as “public private partnerships” or P3s or PPPs. Unfortunately the P3s being touted bear no resemblance to the Navy aircraft flying over the city. Instead, P3s are just another euphemism for corporate welfare schemes where taxpayers bear all the risk of capital financing for a project and private individuals benefit when there (rarely) is a profit.
Now Mayor Brown has promised to reform the concept and focus on Downtown. Haven’t we heard the broken promises before? Lavilla Redevelopment? ? Lavilla BistroRiver City Renaissance? Courthouse? Genovar Hall? Shipyards? Skyway People Mover? Our own John Winkler has performed his own investigation to summarize the just a few of the failed promises of the sages at city hall. The investigation is featured on our November show.
We do not doubt the sincerity of those who would like to see the urban core thrive. In fact, we would like to see downtown turn into a prosperous area where people actually enjoy going. Unfortunately, taxpayers can not afford to lose any more money on risky giveaways disguised as “investments” for some unquantifiable and intangible public good.
We urge Mayor Brown to reconsider the public dollar giveaway to the aspiring robber barons camouflaged as philanthropists.


