Are Robme's Policies Pushing On A String?

Bailing out developers with City backed loans. Building "shovel ready" industrial parks far outside of town requiring $Millions of dollars in City water and sewer construction with no tenants in sight. Buying up commercial properties in the hopes of reselling them at a profit for the City-- someday. Touting a $60 Million Dollar performing Arts Center as economic development. Are all these actions by Mayor Robme Perkins simply examples of pushing on a string?