Quote:
Originally Posted by combusean
Peoria being master developer of that land is extremely problematic.
It's one thing when city governments buys up a few acres of disjointed and otherwise unwanted, undevelopable blighted land for some public/quasi-public/econdev potential, especially when there's a market failure as is often the case with infill.
This is not the case here--Peoria thinks they're better than the free market in determining the best use of a massive swath of virgin land to the exclusion of everyone else. Why should private developers be forced to compete with government like this anyways--there's usually no shortage of these guys bidding on state land.
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I imagine that Peoria is going to in turn bid the land out so they 1. have more control over developments and 2. revenue for the city.
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