Attention developers! Forget LinkedIn — if you’re looking for accountants and financial analysts anxious to help you avoid monetary missteps, look no further than the PD-15 authorized hearing steering committee. Sure, they’re (very) long in the tooth, but last night’s meeting showcased a half hour of endless financial advice and “deep” research into how precisely PD-15 should be developed to avoid catastrophe. After decades of unending failure, their assistance would be a comfort, no?
To reiterate, it is not the purview of the committee to make amateur stabs in the dark as to what product a developer should build (except that the buildable envelope is capable of supporting a project of reasonable profitability). It’s not up to the committee to decide the appropriate level of risk, the market timing or whether Dallas is overbuilding. The same way you don’t waltz into an operating room and bump the surgeon out of the way.
So the first half hour and untold amounts of oxygen were essentially wasted. Where was the city’s guiding hand of the last meeting?