Posted Jul 9, 2013, 10:41 AM
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Registered User
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Join Date: Jan 2010
Location: BEYOND THE OUTER RIM
Posts: 5,889
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Bring on the 1970s!
This concept is entirely dependent on cheap oil. If oil were trading at $10/ barrel like it was in 1990, then I might go along with the idea...might. However, oil price projections over the next decade or two are dire, to say the least, ranging from $150/ barrel to as much as $500. Either way, a 1970s style economy won't function. This is the kind of idea that desperate municipalities grasp onto because they've seen it work...IN THE PAST. We need to be a little more creative going forward.
My prediction:
The city throws everything it has at this project and it falls flat on its face. They then subdivide it for, yes, residential. Most of it, though, will be left undeveloped, not to mention rendered useless for agricultural purposes.
Bring it on.
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