"Development is no doubt a good thing. But I think the 'making things too nice' comment reflects the nature of the type of development taking place. What we constantly see are very large developments by well-connected 'developers'. What we do not see are small businesses renovating existing structures that they will occupy. Real estate prices (and assessments) have gone up so much that only large developments are financially possible. Instead of forcing owners to put properties to immediate good use, DC has allowed owners/speculators to sit on vacant property and wait for their big payday. This is not investment; it is urban strip mining."
My comment on ANC2C02 Forum
Tuesday, November 13, 2007
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