Monday, February 17, 2014

Costs of Development

So, Folks, how do you like them utility bills? Is bigger really better?!
You're in luck if you love them because they are going to be more that way, when the city gets around to building a new sewer plant. Which it cannot NOT do because we are outgrowing the old one. Here we see another of the hidden costs of development not paid by developers, but by the wider community. The public—that’s me and you, folks, paying various taxes that support local government—pays these costs.
Our previous developer is sunning his buns some place down south, and I warrant before long our current ones will be, too. The public providing them the margins for things like a 2nd home in the sun, is part of the reason ordinary Americans are finding it increasingly difficult to make ends meet.
Meanwhile, hand-wringing about the demise of the middle class continues unabated. Ironically, government itself is responsible (via the demise of unions, the big bank bail-out) and it will continue unabated until the citizenry insists that the people who are actually benefiting from development pay more of their share. Tell your the governor, the mayor, your councilman and representative there should be a infrastructure premium paid by developers.



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