By Curmudgeon
The Sunday Standard Examiner's lead editorial this morning lauds Ogden's "upbeat local economy." It speaks of new businesses spawned and fledged at the Business Depot Ogden now moving out to expanded quarters and business. It speaks of other Top of Utah businesses doing well... ATK, Alliant Technologies, etc... and it even pats itself on the back for being one of the few dailies in its size category not downsizing and losing circulation.
And then this:
The Economist, a respected British magazine, recently did an article on why Utah's economy is soaring above its neighbors in the West.... The article also cites local and state leadership as a plus, singling out Gov. Jon Huntsman and Ogden Mayor Matthew Godfrey for their corporate recruiting skills. "Ogden, until recently a decaying railway town north of Salt Lake City, has quietly become the world centre of winter sports equipment," the article states. "Mike Dowse, who oversees brands such as Atomic and Salomon for Amer Sports, gives three reasons: 'the mountains, the mayor and the money.'" While we understand recent developments, including the announcement of budget cuts by Godfrey, indicate that Top of Utah isn't immune to the economic turmoil affecting the rest of the country. However, how well the state has been weathering the storm so far is reassuring. If things do get worse before they get better, we have the system in place to best handle the challenge.Let's clear away this first: Mayor Godfrey's effort to attract outdoors-oriented companies to Ogden, and to try to rebrand Ogden as an outdoor tourist destination were both good ideas, and have had some good results for the city, and he deserves credit for that. And I've no problem with the Std-Ex providing the occasional and deserved pat on the back to Hizzonah.
However, in order to be credible in its praise of the local economy, and the Mayor's role in it, the Std-Ex needs also to recognize some of the problems created by the "local leadership" and the questionable [to say the least] calls it has made. Dividing the city for years and sinking tens of thousands of public money into promoting his personal [and foolish] flatland gondola obsession is but one example. Campaigning to sell the city's largest park to a real estate developer to pay for the flatland gondola is another. There are more, mostly involving the debt the city has taken on under his leadership, and the consequences of that debt if major elements of the development the mayor has sold to the Council and the citizens don't pan out as hoped, and if city tax revenues continue to shrink in the deepening recession.
Was down at Sonora Grill yesterday [it's arrival at The Junction was a good thing for Ogden, as was the arrival of Iggy's Sports Bar at the same location], and noticed a realtor's banner on the unfinished Earnshaw Building at The Junction, which was to be the first of several condo developments coming on line. The banner said simply "Available." I did some checking and found Kristin Moulton's article in the SL Trib dated June 22 this year, reporting that: "Unfortunately, lease revenue from the rest of the mall has fallen short, he said. On Tuesday, the City Council will be asked to tap into the flush coffers of Business Depot Ogden to help cover $819,000 more of The Junction's debt payments. Already, the city was using $750,000 in BDO funds to pay mall debt this year. Arrington said some of the shortfall was in property-tax revenue since development of Phase 1 has been slow. "
Ms. Moulton also reported in the article that "The first owners of condos in the tallest building - the six-story Earnshaw Building - should be able to move in later in the summer, according to developer David Earnshaw."
Here it is, mid-November, and the building is not finished and is not occupied so far as I could see. Ms. Moulton also spoke to the owners of the groundfloor retail space in the Earnshaw Building:
"The largest retail space in The Junction, the ground floor of the Earnshaw building, has not yet been leased. But Dan Musgrave, who bought the space with two other Ogden investors, Bill Hancock and Gordon James, said he expects to have it leased in 90 days. The partners are talking to health-food stores, day spas, doctors and restaurants, he said. When he bought the property, Earnshaw said he wanted to attract a grocery store.The partners are talking to health-food stores, day spas, doctors and restaurants, he said. When he bought the property, Earnshaw said he wanted to attract a grocery store."Yet as of October 25th, the ground floor, all 18K square feet of it, was being listed for sale [not leasing] on LoopNet [which lists commercial properties for sale].
And the Well's Fargo office block at the Southeaat corner of The Junction is not yet fully leased, after being open for the better part of a year. That's the building the Mayor asked the city council to add another floor to, at the city's entire risk for construction and leasing, because the Mayor thought Ogden lacked sufficient good office space. [By a one vote margin, the Council spared the city that continuing drain on its coffers.] One thought to be signed restaurant for The Junction has pulled out.
So there seem to me to be reasons for some concern that ought to temper the Editorial Board's optimism and confidence in the business judgment of the current administration, and reasons to question the Std-Ex's certainty that we have "the system in place" to handle increasing economic adversity. What "system" would that be, I wonder? Congratulatory editorials are fine, as are editorials expressing confidence in the city's economic future. But such editorials, if they are to be credible, must also take into account the evidence on the other side, so that they reach in the end... and take their readers along on the trip... reasonable and balanced conclusions. When an Editorial Board looks only at the upside, and ignores the downside, when it looks only at successes and ignores failures, or when it cavalierly counts not-yet-proven-projects as successes already achieved, then it risks slipping over from exercising sound editorial judgment into Babbitry and Boosterism. We have a Chamber of Commerce infatuated with flatland gondolas for that. We expect... and Ogden needs... better than that from the Standard Examiner editorial board. We're not getting it.
