Comment 14032

By g. (anonymous) | Posted November 15, 2007 at 09:28:41

the real reason the highway was built and that builders don't develop more brown field sites and parking lots in the old city is that someone already owns all the land down here. and they expect to be paid for what it is worth. put in a new highway and developers can buy land at 10 cents to the dollars from farmers just trying to get out of the way of "progress." this will keep happening until farm land becomes valuable as farm land not as "future development" the real estate business is at its fundamental level about buying land cheaper than you can sell it for. and right now the largest differential is accomplished by expanding the urban boundary and building new roads to service farm land. until this changes there will never be any real economic pressure to redevelop and intensify the existing city. there is just too much pressure from people who stand to make billions while the general public sees the issue as being benign.

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