Editorial: Clock ticking on Wu’s release of White Stadium taxpayer cost

To paraphrase “Jerry Maguire:” Show us our money.

As in how much money will Boston taxpayers be on the hook for with the White Stadium overhaul project.

At a time when the mayor is trying to shift a larger tax burden onto commercial properties to bypass a hefty hike for Boston homeowners due to shrinking tax revenue, we need to know what other wallet-busters are in store.

Boston City Councilor Julia Mejia wants the Wu administration to walk the talk on transparency and show “updated cost estimates” on the city’s taxpayer-funded half of a public-private plan to rehab White Stadium for a professional soccer team.

Wu has said since the summer that the city would release an estimate for what the roughly $200 million and counting public-private plan would cost taxpayers by the end of the year. It’s Dec. 11, is the big reveal a Christmas present, or a lump of coal?

“Boston faces significant fiscal pressures, including a capped property tax levy, declining commercial property values, rising fixed costs, and state aid that has not kept pace with inflation, which limit the city’s flexibility and heighten the need for accurate cost estimates before committing substantial public resources,” Mejia wrote in a proposed resolution.

That’s the key: committing substantial public resources. The taxpayer-funded portion of the stadium overhaul has doubled, will there be a failsafe switch if costs grow too high? Or is this a “taxpayer money-is-no-object” project, and the cost gets tossed on the pile with the rest of Bostonians’ tax burden?

“As of December 9, the city’s project expenditures include $12 million on demolition and construction, and an additional $76 million in subcontracts have been awarded,” Wu’s office said in a statement.

“After more than 40 years of failed starts, White Stadium is being rebuilt as a state-of-the-art facility for BPS student-athletes and the community, open year-round. We are excited to be underway.”

We’d also be excited if a stadium overhaul for BPS student-athletes without the pro women’s soccer team component were underway. It would be far cheaper, and would benefit the community.

Is that plan completely off the table, or might it stand a chance if the costs of rebuilding White Stadium for the Legacy FC plus students hits an unfeasible number?

And there should be an unfeasible number. We are not living in flush times, taxpayers as well as city coffers are squeezed. Rents are up, home prices are through the roof, inflation is taking an oversize bite out of paychecks and according to Wu, the city budget is tighter than a new elastic.

Bostonians need to know where we stand, what kind of bill for White Stadium we’re really looking at, and how this will affect taxes and budgets.

The commercial-residential tax shift is just one tentacle of the fiscal beast Mayor Wu is wrestling with. The White Stadium price tag is another. Boston taxpayers can’t be collateral damage.

Editorial cartoon by Steve Kelley (Creators Syndicate)

 

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