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Other cities have established chartered “development corporations” to utilize underutilized assets and resources like land and make good uses for them. They ha
by nashashmi 1y ago
Other cities have established chartered “development corporations” to utilize underutilized assets and resources like land and make good uses for them.
They have been good for low income housing (often at the expense of lower income housing), low rent commercial spaces, low rent industrial spaces, amusement parks, real estate development, etc.
But this is gentrification and if you think it is necessary, then very quickly you will realize it is a problem. It homogenizes neighborhoods to support only a certain class of people while destroying other people.
- sroussey 1y agoYes, they make it so difficult to develop that you must sell to the city so their development corporation can hand out contracts to city cronies with kickbacks. Tax dollars at work, lol.