Most observers note that real estate values plummeted all over the city from 1992 until early this year, but, Mr. Maloni says, "In the expansion area, which includes East Village, property values are worth $145 million less today than in 1992. That's not our figure, that's CCDC's figure. They could not get any development or redevelopment going down there. There is no Plan B. There will be over $400 million invested [as part of the proposed ballpark].... No one's standing in the wings waiting to do that, infuse that money into the East Village. With the redevelopment, it will be a friendlier community for businesses and residence."
But will a ballpark complex make the East Village more livable? The convention center expansion combined with 20-weekends-a-year baseball could produce parking problems of Street Scene proportion. Add traffic, stadium lights, and fireworks after the game, and ask yourself who'd want to live downtown.