Positively Considering The Negatives

Buffalo Geek wrote the post “The $3 Billion Dollar Spreadsheet” rewritten below this bloviation.

That’s a great set of numbers that Commissioner Tobie compiled. It makes my day to see that. Thank you, Buffalo Geek.

Personally, I’ve been thinking a lot about the role of the cynics lately. Some of my close friends still think that Buffalo is sinking. They cause me to wonder if their overly negative opinions should become less relevant as a concern of mine. After all, they’re sitting on the sidelines, aren’t they? Doesn’t that fact alone make them irrelevant in a sense? Despite their negativity, the city is moving forward at a great pace. We all see the values and opportunities rising, but they can’t.

Maybe that’s ok.

I’m beginning to believe Buffalo bashers actually serve a valuable purpose in the healthy market we are currently enjoying. In the stock market there is a rule that it is time to get out when every Joe gets in. When everybody decides to put their money into a market, there is no room for upside, because all of the available money is already in. A little fear in a market is good because caution keeps some of the money out and there is still potential upside for those who are up to the challenge of investing. The Buffalo skeptics may actually be contributing a service to the local market by keeping the opportunities from running away from the rest of us before we can get fully invested ourselves. It takes a certain amount of time to raise money and to evaluate the opportunities. If they were selling too quickly, they would all be gone by the time we decide on the one we like. A nice steady upward price trend presents a better opportunity for us regular guy investors because we can still catch the bus -it isn’t moving too fast yet.   I recently decided to quit trying to change their minds. In fact, now I thank them.

The $3 Billion Dollar Spreadsheet

Written by BuffaloGeek  Â

Wednesday, 13 December 2006

While you are out and about this holiday season, you may bump into locals and expats alike who may postulate that “the City of Buffalo is dead” and that nothing is happening as it pertains to economic development. If this happens to you, please refer them to this post which contains a listing of various development projects underway within the City of Buffalo.          - 77 Private Development Projects which represent a total of $1,138,896,310 of investment in the city. - 43 Public Works or Non-Taxable Projects which represent a total of $1,845,856,451 of development in the city. - 1 Long Term Project values at $700,000,000 That is a sum total of $3,684,752,761 in total development and investment within the city limits. Check out the full and recently updated list here.

 http://buffalogeek.wnymedia.net/wp-content/uploads/2006/12/List%20Buff%20Dev%20113006.xls

 

 http://www.wnymedia.net/index.php?option=com_content&task=view&id=2495