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Voice For Liberty

WSU Study on Downtown Wichita Arena Not Complete

Government Accounting Standards Board Statement 34 requires governments to account for the cost of their assets, usually by stating depreciation expense each year. Through a series of email exchanges with Mr. Ed Wolverton, President of the Wichita Downtown Development Corporation, I have learned that the WSU Center for Economic Development and Business Research was not aware of this requirement when they prepared their forecast. Mr. Wolverton admitted this after checking with the study authors.

Mr. Chris Chronis, Chief Financial Officer of Sedgwick County, in an email conversation told me that the county will take depreciation expense for the downtown arena, or for a renovated Kansas Coliseum, for that matter.

I appeared in a story on a local television station where I presented research I had read showing that if new development occurs around a downtown arena, it would likely be economic activity that formerly took place somewhere else in town. This is the "substitution effect." Mr. Wolverton appeared in the same story and state that due to time constraints, the WSU study did not study these effects.

The leadership of our local government officials regarding the downtown Wichita arena

It is clear that our local government leaders want a downtown arena in Wichita. Just read their remarks in the Wichita Eaglenewspaper. Since the Sedgwick County Commission has promised that they will proceed with renovation of the Kansas Coliseum if the downtown arena vote fails, it is in their interest to make the Coliseum renovation option look as bad as possible. In my opinion, they've done a pretty good job of this.

Economic justification of arenas and the downtown Wichita arena

It seems that the best argument that arena supporters have for asking the entire community to pay for the Downtown Wichita arena is that it will somehow pay for itself through spillover economic benefit. That is, through increased economic development around a downtown arena, the citizens of Sedgwick County will somehow be repaid for their investment in the arena through the taxes they paid.

The value of economic impact studies

One of the factors that usually plays a part in an economic impact study like that used to promote the Downtown Wichita arena is the "multiplier," which accounts for the fact that money spent once is spent again, and maybe yet again.

Local government officials as downtown Wichita arena advocates

Kansas Attorney General Opinion 93-125 deals with "the use of public funds to promote or advocate a governing body's position on a matter which is before the electorate." In its summary, it states "However, public funds may be expended to educate and inform regarding issues to be voted on by the electorate."

Why I Like Walter E. Williams

I've never met Walter E. Williams, economics professor at George Mason University, and I don't suppose I ever will. But I think I would like him if I met him. I certainly admire his writing. In his columns he has a way of writing very plainly, where everything makes sense. These are some of his columns that I have thought important:

Socialism is Evil This article very plainly makes the case for less taxation by the state.
Socialism is evil: Part II Follow-up.

“Sports Daily” on KFH Radio, October 20, 2004

I happened to hear this radio show one day when Mayor Carlos Mayans was a guest. He was promoting the downtown arena. Bob Lutz, one of the hosts, invited opponents of the arena to contact him, and he might invite them on the show. I did, and he issued the invitation. I was a little nervous, not having much experience being on radio or television.

About Voice For Liberty in Wichita

A voice for individual liberty, limited government, and free markets in Wichita and Kansas.

I started this website in October 2004 in response to what I felt was a misunderstanding of the important issues in the November 2004 elections, especially involving the proposed downtown Wichita arena.

The debate over the arena was wide-ranging, involving factors such as its cost compared to the cost of renovating the existing Kansas Coliseum, its seating capacity, traffic and parking problems, whether it will sellout or not, who will profit from building it, whether a sales tax is better than a property tax, and other such factors. Our local government leaders and media seemed to believe whichever convenient set of facts supported their position, and almost all seemed to be endorsing the downtown arena.

I too became involved in arguing issues like these, even when I knew in my heart that the most important issues are these: How much government do we want, at the expense of how much personal liberty, and what is the proper role of government and individual? I saw very little discussion of these important issues, and most importantly, very little media coverage.

So I started this website to explore and report on issues of government, media, and individual liberty in Wichita, Sedgwick County, the State of Kansas, and, to a lesser degree, the United States.

Bob Weeks
Email to bob.weeks@gmail.com
Skype bob.weeks. AIM WichitaLiberty.
316-708-1837
Wichita, Kansas
October 28, 2004

Bob Weeks, and with his ragdoll cat Tippy

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