Simplify, Don't Subsidize: The Right Way to Support Private Development (Perspectives on Eminent Domain Abuse Book 4)

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Today, in my home state of California, almost 400 cities and counties have gone into the development business by establishing captive government development agencies (typically, but misleadingly, called redevelopment agencies) that now control project areas covering more than 12 million acres, representing almost 15 percent of the assessed value of all real property in the stateThese powerful agencies are sitting on war chests containing just under10 billion in cash (as of June 30, 2006), which they are using to lavish subsidies and favors on large retailers, hotel operators, shopping center developers and other 8220 public/private8221partnersMeanwhile, business owners and developers like us, who choose to remain independent, are forced to run an everexpanding gauntlet of governmentimposed regulatory, administrative and financial obstacles that make our work difficult, and sometimes impossibleToday, a private developer faces a difficult choice:Go into business with the local

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