Acton Institute Powerblog

A Faustian Bargain

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As a follow-up to the rather wide-eyed optimism I expressed in a post almost a year ago, the city of Grand Rapids has rejected the sole bid application received for development of property on the Grand River.

Duane Faust’s group did submit materials by the deadline, but the application lacked $65,000 in fees. WOODTV.com reports that there were two other developers in the running, but “Faust’s bid was the only offer to come into the city offices on Friday, but without $65,000 needed as an earnest deposit and to cover the cost of evaluating the proposal. Initially, city officials were assured the money would be in their hands by the end of business last Friday. But it wasn’t and still isn’t.”

“I am at a point where I personally would not like to see this go forward,” said Grand Rapids mayor George Heartwell. “Chalk this up to experience. Sooner or later we will develop that property, but not this time around.”

It looks like for the time being at least the plans to make Grand Rapids a “cool” city won’t include that riverfront property.

Jordan J. Ballor Jordan J. Ballor (Dr. theol., University of Zurich; Ph.D., Calvin Theological Seminary) is a senior research fellow and director of publishing at the Acton Institute for the Study of Religion & Liberty, where he also serves as executive editor the Journal of Markets & Morality. He is author of Get Your Hands Dirty: Essays on Christian Social Thought (and Action) (Wipf & Stock, 2013), Covenant, Causality, and Law: A Study in the Theology of Wolfgang Musculus (Vandenhoeck & Ruprecht, 2012) and Ecumenical Babel: Confusing Economic Ideology and the Church's Social Witness (Christian's Library Press, 2010), as well as editor of numerous works, including Abraham Kuyper Collected Works in Public Theology. Jordan is also associate director of the Junius Institute for Digital Reformation Research at Calvin Theological Seminary. He has authored articles in academic publications such as The Journal of Religion, Scottish Journal of Theology, Reformation & Renaissance Review, and Journal of Scholarly Publishing, and has written popular pieces for newspapers including the Detroit News, Orange County Register, and The Atlanta Journal-Constitution. In 2006, Jordan was profiled in the book, The Relevant Nation: 50 Activists, Artists And Innovators Who Are Changing The World Through Faith. Jordan's scholarly interests include Reformation studies, church-state relations, theological anthropology, social ethics, theology and economics, and research methodology. Jordan is a member of the Christian Reformed Church in North America (CRCNA), and he resides in Jenison, Michigan with his wife and three children.

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