Originally Posted by
Skyline
Let me outline the process of how this development will go:
1) Investors buy up all of the available buildings and land, if they haven't already.
2) Investors board up all existing buildings and tear down a few in the process.
3) Investors start paving open areas for "cash only" parking lots.
4) Investors put for sale signs on boarded buildings at ridiculously high prices.
5) City steps in to build a canal extension, sports stadium, streetcar route, and all new landscaping throughout the area.
6) City negotiates deal for a mega-type-store, giving away millions of tax payers dollars as an incentive.
7) Investors laugh all the way to the bank, as they build strip mall shopping and more cash-cow-parking lots.
There are more steps in the process but I think you get the idea. haha.
j/k
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