Double standards and good-old-boy politics aren’t going to serve Monroe well as it tries to take advantage of a generational economic development opportunity.
As the Hyperion data center project continues its buildout, which has given the area economy but particularly Monroe’s a big shot in the arm, bickering continues over a potentially-dubious use of taxpayer dollars. In the crosshairs is a $4.5 million deal by the Interstate 20 Economic Development District, giving the sum to an entity DZE LLC to build residential homes outside of the EDD. Its board, whose members mostly comprise City Council selections that at this time is controlled by black Democrats, bypassed normal procedures to award the money.
The city technically has jurisdiction over the District’s fiscal matters and has refused to release the portion of the money already billed. Initially it argued that it had uncertainty over whether statutorily it could do so, since the project had no real connection to the district. Mainly comprising Pecanland Mall, tax revenue gained through projects theoretically would fund district activities, so it is very difficult to see how infrastructure pertaining to houses outside of the district constitutes economic development within it. Other than the Board, does anyone seriously think new houses across the way will encourage more people to locate near to and want to take the low-wage jobs at the mall?