peter11435
Well-Known Member
They aren’t turning over undeveloped land to get it off their balance sheet. They are turning over land they own so that it can be developed into roads, bridges, fire stations, power plants, etc… using tax money they pay. Why shouldn’t they get to dictate how their tax dollars are spent developing their land?EXACTLY! I understand it perfectly well. I'm not describing it differently than you are, I'm saying I understand what it is, exactly as you're describing it, and I don't like it.
"Turning it over" to a board controlled by themselves to be used exactly and only how they want, while getting it off of their balance sheet and eligible for municipal debt is exactly what I don't like.