High court allows state to dissolve redevelopment agencies, sieze $1.7 billion
Original post made on Jan 2, 2012
Read the full story here Web Link posted Friday, December 30, 2011, 4:02 PM
on Jan 2, 2012 at 4:19 pm
There will be wailing and the gnashing of teeth over this and yet...
Most people still vote for democrats who will steal your money whenever they can. Remember that socialists will be successful as long as they don't run out of other people's money. Regrettably, the day when they do run out is terrifyingly close.
on Jan 3, 2012 at 9:24 am
I second that. Unbelievable.
on Jan 4, 2012 at 9:35 am
I disagree with the other two posts. First, to what "socialists" do you refer? Second, what has happened in the past with re-development agencies is sometimes appalling. There are many cases where a re-development agency has declared an area "blighted", seized private property, at less than market value. Then a developer buys the property and puts up apartments or condos. This happened to several homeowners who lived next to my grandparent's property. It was discovered later that these same developers had been trying to buy these properties for several years, but were refused. Somehow they found a crony in the agency and Voila!