Reading through the Community Benefits Agreement (pgs 305-310), I do have some questions that maybe someone here can answer.
For the Eastside neighborhood (the agreement includes a convenient map of its boundaries on pg 319), the deal is basically the City will commit $30,000,000 dollars to the Eastside Strategic Focus which will be disbursed within two years after the Stadium Lease is signed. The Jags will commit $2,500,000 dollars to the Eastside Strategic Focus every year for 30 years (for a total of $75,000,000). A quick injection of cash and then a steady stream of supporting cash, I think that's a pretty good idea.
My question is what is this money actually going to be spent on? The Eastside Strategic Focus is defined in the agreement pretty broadly. It reads "shall mean economic development, affordable housing, and the mitigation of homelessness in the Eastside." That all sounds good on paper, but how is that actually accomplished? Is the City going to build a new homeless shelter in the Eastside to mitigate homelessness? Is the City going to subsidize the construction of affordable housing the Eastside? Is the City going to give cash grants to local restaurants and retail in the Eastside to stimulate economic development? I'd imagine the worst thing that could happen is that this money is used to pay people's exorbitant salaries to conduct "studies" to figure out how the money should be spent. I have a similar question about the Countywide Strategic Focus program, but the answer should apply to both. I appreciate any insight.