Where Markets Fail

2019-10-06 15.14.46A decade ago, I tried to assemble a group of investors to build an aquatics facility in Boulder. The project was getting its land for “free,” yet we struggled to get the economics to make sense.

Fortunately for my family, the taxpayers of a neighboring county approved a school bond issue that financed a world-class aquatic facility.

My kids have some of the best memories of their life associated with this building.

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I’m reminded of a few things each time I visit.

It’s impossible to capture the value given, and problems avoided, by making athletics available to all the young people of your community.

The picture below shows what I mean: 8-18 year olds improving themselves, daily.

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I’m grateful to the taxpayers, school district and people who made it happen. People I’ll never know.


The facility is dedicated to our veterans and there are plenty of memorials around the property to spark conversations.

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#1 for me is the plaques remembering the district’s graduates, who died in foreign wars. Most were just out of high school, not far off the age of my kids’ favorite cousin.

Tom was CJ’s age when he was killed in Vietnam.

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That’s a lot of living given up, by people I’ll never know.

The older I get, the more I feel their sacrifice.

When people talk about the challenges facing our country, they’re correct.

However, the challenges are not unprecedented. I will never know what it’s like to go to war out of high school and watch my buddies die in a foreign country.

My kids might not understand for a while.