Thursday, August 28, 2008

DAMNED BY FAINT PRAISE – HELL NO--INVISIBLE!

Maps like this are why so many people are confused about the location of Research Triangle Park. This world class business park for research and development is located 4 miles from Downtown Durham, nestled in SE Durham County and encompassed on three sides by the City of Durham.

Yet this map places it only in the Southeastern United States. Durham isn’t even on the map but Raleigh, two towns away from RTP, is shown, giving the impression the Park is in Raleigh.

It isn’t one of those things like they only had room for the large cities. Winston-Salem, a city smaller than Durham in the last census is on the map, but not Durham.

It isn’t done to intentionally slight Durham, but the result is the same. No wonder people get confused. More to come…

ARE WE STILL IN HIGH SCHOOL?

I’ve noted before that a friend of mine once told me that “politics is personal, not logical.” And maybe that’s what the news media has become. I know reporters always seem more interested in the anecdotal than generalizable. That’s why it only takes one comment now on a blog or listserv to spawn a news story, e.g. “activists are concerned.”

But have you listened to the news coverage of the Democratic National Convention? It’s just like high school. “She really doesn’t like him!” “She was ambiguous.” “She didn’t apologize.” “She raised money for him but he didn’t for her.” “Inside sources tell me...”

All that’s missing is “he hurt her feelings.” Geezzz! Isn’t there something on which to report that is more substantive than that? And whatever happened to verifying fact? No wonder politics is personal.

Tuesday, August 26, 2008

AN ECONOMIC PLAN FOR CIVIL RIGHTS

A hundred years ago, two African American gentleman with differing viewpoints spawned two different movements to achieve racial equality. They were both frequent visitors to Durham.

The two leaders, of course, were Booker T. Washington and W.E.B. Dubois. One argued for equality through economic development and the other through social change. From reports at the time, it seemed they didn’t always get along and people seemed to take sides on the issues. But one thing was clear: there was a tolerance of ideas, debate and public discourse evident then.

In Durham, at the dawn of the 1900’s a group of African American leaders appear to have fused a both/and approach adapting parts of both movements. It was then that Black Wall Street was spawned, the Sit-In Movement took root in the basements of Durham churches, and organizations like the Durham Committee on the Affairs of Black People were formed.

Sometimes it is hard to tell if that same tolerance for ideas or fusion of ideas still exists across the United States. I remember the puzzling and seemingly intolerant reaction to Dr. Shelby Steele’s The Content of Our Character and his more recent book, White Guilt. And similarly to Bill Cosby’s 2005 speech at Howard University.

I’m now reading a new book recommended by friend and colleague Bill Geist, written by one of his former Board members, Dr. John Yancy Odom. It is very insightful and full of useful ideas that I’ll leave for you to read for yourself.

But I wonder if his Saving Black America; An Economic Plan for Civil Rights will receive the same response as Dr. Steele’s books or if the inspiration of Presidential Candidate Barack Obama will lead us back to the positive and open debate about racial equality that Washington and Dubois had.

Friday, August 22, 2008

CULTURAL COST/BENEFIT DESERVES THE SAME STANDARD APPLIED TO AMERICAN TOBACCO

When Tom Bonfield (new Durham City Manager) and I got a chance for extended conversation during his first week on the job, we touched on something I’ve mentioned before. I got the impression he agreed and will take it into consideration.

Currently, when local government annually reports the performance of a cultural facility or event, a very narrow definition of cost and revenue is reported. Even though these quality of life facilities were never intended to pay for themselves, it minimized their impact to not show revenue leveraged by more than the revenues generated inside the facility.

When local government invests in a public/private venture like adaptive reuse of the huge American Tobacco Complex, it takes a what appears to be a much better approach and compares not only revenue specific to the three parking decks or the Ballpark or soon the new theater but also the spending and property taxes leveraged by ATC’s increased value and those investments, public and private.

To me, it has makes sense to treat cultural facilities the same way. The sales tax alone generated by visitor spending surrounding use of the Civic Center or Museum of Life or Science or Carolina Theater or Full Frame Documentary Film Festival, is far greater than what is spent just inside the facility or event. Not to mention the increase they spur in surrounding property values.

When DCVB analyzes these facilities, the full impact of the facility on generating tax revenues is applied, not just the revenue generated at the door. We hope we can work with City and County officials to apply a consistent standard.

Friday, August 15, 2008

UTILITY & PITFALLS OF ECONOMIC IMPACT ANALYSES

DCVB has Global Insight periodically quantify the impact of visitors on Durham. In July a panel at a conference discussed an article in the Journal of Travel Research entitled, "Economic Impact Studies; Instruments for Policitical Shenanigans."

I've distilled out below some points maded in the article along with some comments by Ken McGill, an EVP for Global Insight:

Six Reasons Economic Impact Studies are Best Practice:
  • Assessing return on investment (ROI) from tourism promotion and infrastructure investment.
  • Monitoring and benchmarking performance vs. destination competitors.
  • Setting priorities for economic development and infrastructure.
  • Determining whether concession or sponsorship requests for events/attractions/meetings are worth it.
  • Informing public policy decisions including those involving tax burdens.
  • Informing and reporting to residents and other stakeholders.
Analysis like this also informs answers to these 5 questions:
  • Is the community spending enough on both tourism promotion and infrastructure and do revenues generated cover costs?
  • Which are best economic development targets and are concessions worth it?
  • What is the ROI on public tourism capital investment and government support?
  • How can we benchmark against destination competitors?
  • How is the full value of tourism communicated to policy makers, businesses and residents?

Pitfalls to Avoid:

  • Including resident spending in the impact.
  • A sponsor that shops for a study that will confirm what they want to hear.
  • Multipliers being used without netting out leakage.
  • Vendors who never tell communities what they don’t want to hear.
  • Communities or developers that hide studies supporting the other side of the story.