Posted on 01/21/2004 1:13:38 PM PST by calcowgirl
Edited on 04/12/2004 6:04:28 PM PDT by Jim Robinson. [history]
From his office on the 25th floor of a downtown Sacramento high-rise, new state environmental chief Terry Tamminen is constantly reminded of all the prime urban development sites in California sitting idle due to toxic contamination.
Squarely in his field of vision is the former Union Pacific railyard, a heavily contaminated, 240-acre stretch of desolation the city of Sacramento hopes to see reborn as a new residential and commercial neighborhood.
(Excerpt) Read more at sacbee.com ...
I know it is hard for the environmentalists to swallow, but enacting environmental policies that that allow the relevent market to decide how best to reach a goal are going to yield so much more in terms of improvements than the old command and control structure.
In this case, the land is (and upcoming developments) are extremely valuable. But, if you buy, and something is there that you didn't know about or find - it can be your responsibility to clean up - just for buying it.
Result - the risk of the unknown is too high to move.
The solution - remove the risk associated with the unknown.
Result - The knowns get fixed, market forces generate more wealth, and the unknowns at least get identified.
Seems simple to me, but I'm a simpleton I guess...
If this is taxes with reprsentation
Give me taxes without representation
I much prefer a tax on tea!
Instead of everything else.
Infill is all too often a real estate scam where such sites are turned over to those who pay to play. In the hands of Terry Tamminen, that's exactly what it is most likely to be. There's a whole chapter on this little gambit in my book.
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