Well, it’s been a tough year. I think a telling pointer to how bad it was, is that the year-end “This was the year that was” mail-it-in contractual obligation pieces have been WAY fewer than I ever remember. It seems nobody wants to dwell on it, other than the Fast-Food toddler playacting as truck driver/ Elected official.
At the holiday gatherings, I had my right wing brothers-in-law ask me how things were going in business, and when I said I was busy, they smirked and said “Trump is being good to you, huh?” After I said that the economic activity is due to the Black Guy and nothing Big Diaper Boy has done, I expounded by saying that NOT ONLY has Turdwaffle tried to kneecap the larger historic preservation projects in Madison and Milwaukee by capping single-project credits at $500,000. which seems like a lot, sure, but see this; the current project I am working on, is only medium sized, and the budget is about 7.5 million; the State tax credit is 20%, so it should result in tax credits of 1.5 million.
AND I went on. I pointed out that in the Rich Guy giveaway fest just passed, the Federal tax credit went back and forth between the House and Senate, and it never seemed to reach a consensus of a real sort. I imagine they were much more concerned with protecting the underserved inheritance of spoiled shits like the Trumps. The Federal historic preservation tax credit is also 20% of eligible construction costs.
now, I will point out several things. First, that an overwhelming majority of Americans support saving older buildings. And further, that money expended on historic preservation projects (which is not the same as the tax credits offered, as the tax credits are usually recouped within a few years by the increased tax revenue from a newly re-assessed and active building) returns about $1.60 for every dollar expended, which is one of the best returns showed outside of drug deals. And finally, that Preservation and restoration of historic buildings are usually in neighborhoods that have been on the downs, and that these projects very often result in the renewal of these areas.
So, between Turdwaffle and Comrade Stupidhair, we stood to lose about a third of the development incentives on this project. On a 7.5 million dollar project, it amounted to 3 million dollars that the developer could use as part of his financial portfolio and tax planning, which, believe me, this guy would appreciate. And without it, it was not likely to be a viable project.
They kind of shut up about the Trumps at that point, as I was armed for Russian bears.
But here.
On the occasion of the a new year, I am weirdly optimistic. On the political side, David Clarke got kicked off of Twitter for being an Internet Tough Guy, threatening the “media”. Turdwaffle has appalling polls. Trump is making being a Republican not only as popular as being a pedophile, but actually SYNONYMOUS with it.
In addition to the project above, I have two townhouse developments in planning, one private, one LIHTC. Several smaller projects for repeat clients, and a fun restaurant project.
It is a hazard, I suspect of being an architect. It is an inherently optimistic occupation, that dwells on building for the future. But as those of you have followed the Empire, I have been through darker periods, and longer.
But, in any case, I usually resort to this later in the year, when I am trying to find the strength to make it all the way through. But this year, it strikes me as a statement of purpose, a rallying cry to keep the eyes up and the focus sharp.
my broken house behind me
and good things ahead
a girl named Cathy
wants a little of my time
six cylinders underneath the hood
crashing and kicking
aha!
listen to the engine whine
There will be feasting and dancing indeed. (LOL. I was going to post this on FaceHell, but figured the terrorist theme would be taken poorly)
Unless I missed it – quite possible – you forgot the Roxy Music
Weirdly optimistic is better than not optimistic at all.
Occasionally, I leave some exercises to the Reader….