Letter writer opposes ‘welfare subsidies’ for redevelopment of mall

To the editor:

Peckham Guyton Albers & Viets Vice President John Brancaglione has a lot of nerve shaming the Lindbergh Board of Education and other opponents of the $28 million in proposed welfare subsidies for proposed redevelopment of the former Crestwood Plaza.

Opposition to the redistribution of money from our town’s tight operating budget to a property development shell corporation should be the norm in our community. That mall property is private property, purchased on sale, and now owned by extremely wealthy capitalists for the sole purpose of making profit. Let’s let Chicago-based UrbanStreet Group develop it themselves, since they’re not likely to share any of their profits with Crestwood or the Lindbergh School District.

It’s absolutely about ending corporate welfare, and starting in our own city, before we get held up by the new breed of robber-barons.

Ron Parres