I was recently asked by a fellow member of the CRA why I felt that Redevelopment Agencies were bad for the public. After my long dissertation (found throughout this blog and elsewhere), I boiled it down to the CRA's own principles.
7. That the market economy, based upon capitalism and free enterprise, allocating resources by the free play of supply and demand, is the greatest system for creating personal freedom, a strong constitutional government, and is the most productive supplier of human need.8. That when government interferes with the free enterprise system or attempts to control the economy by taking from one individual to bestow upon another, it diminishes the incentive of the first, the integrity of the second, and the moral autonomy of both.
Redevelopment TAKES (purchases at "fair market value") property from one person and GIVES it (usually for FREE) to another under the auspices of "the public good". On it's face it should be apparent that this practice is inconsistent with the CRA's principles. The public coffers should not fund private development and give one developer/investor an unfair advantage over another.
Redevelopment Agency money at work!
The results of Redevelopment Agency at work somewhere else!
. That the market economy, based upon capitalism and free enterprise, allocating resources by the free play of supply and demand, is the greatest system for creating personal freedom, a strong constitutional government, and is the most productive supplier of human need.
ReplyDeleteI would agree with that to the extent that it is mostly, the most productive supplier of human need.
In a monopoly market that isn't always true. When international monopolies set the market price, it can be destructive to communities and countries alike.
I'm picking on the validity of the platform you brought to our attention. In redevelopment, often the big corporations move the little people out to build condos or stadiums. If we're talking an infrastructure project I'm ok with a city using eminent domain to do so. If
it's public welfare for Walmart or the NFL, I would stand in the way.
That was kind of convoluted but I think you got my drift.
ReplyDeleteI think we both agree that zoning changes through that department are a better way for cities to spruce up parts of town that could offer a better tax base.