Another example of accountability and excellent cash management from The Seattle Times:
Seattle neglected to collect $3.4M payment for affordable housing as two skyscrapers were built
For almost four years, Seattle officials neglected to collect a $3.4 million payment for affordable housing from the developer of a high-profile, luxury condominium project.
They secured the money with interest from the Insignia Towers project last year only after auditors reviewing the city’s Incentive Zoning program discovered the oversight.
In the meantime, two 41-story towers were built, condos began selling for more than $500,000 each and Seattle struggled with a painful affordable-housing shortage.
Public housing selling condos for a half-million bucks each? I am in the wrong business... And of course, the standard response of all bureaucrats everywhere:
Officials have acknowledged the issues, adding a quality-control supervisor and working to install new project-tracking software — and there’s urgency in their efforts.
When there is trouble, it is not because you screwed up, it is because your kingdom was too small. Add as many people and resources as you can get away with in this budget cycle and then ask for more in next years budget. New custom software is always a winner.
Much more at the site and over 230 comments which are worth reading.
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