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Michael Hecht

Michael Hecht

Jun 17, 2026

9:58
But how are you guys ensuring that they actually create long-term value? It sounds like you've done a great job of that, but I think that's always a concern, right? You kind of front load a project and then you just kind of hope that it's going to work out the way everybody says it is.
10:10
Yeah, I mean, look, there are some traditional ways to do that, like having clawbacks.
10:15
That's all well and good.
10:16
But I think as a general rule and for anybody who's a practitioner who's watching this, one, definitely incentives should be pay for performance.
10:23
It's just cleaner for anybody.
10:25
If you're going to get an incentive, let's take the digital media incentive.
10:29
You can apply for it on a quarterly basis, but you have to show the receipts literally.
13:14
upscale people? Are you able to attract new workers? I mean, just talk to me a little bit about that whole process, because that's the lifeblood of every community.
6:02
And, and- I mean, is that why as a whole, like, the US hasn't done big stuff, you know, in a, in a long time?
6:10
Yeah, I mean, Dane, there are a bunch of reasons why we haven't done big stuff, and they're all systems issues.
6:16
So to name a few, one is coming out of the moment of Robert Moses, when he left the stage, I think in the '70s, we put in all kinds of legislation to make sure we can never have another Robert Moses.
6:28
We overcompensated, and now we've kinda given project vetoes to very small special interest groups.
6:35
So there are kinda regulatory hurdles.
6:38
The political hurdles now are manifest.
6:41
In a duopoly, you never want to help the other side get something done because they'll take all the credit, and so it's very difficult to cooperate.

13 MINS LATER

19:36
Right.

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