“The people around here didn’t want it — they objected. But the City Commission did it anyway.” The real estate crisis is not just the fault of Wall Street, Washington or misguided borrowers; it is also the back-scratching bond between elected officials and builders.
To read more go to: http://www.nytimes.com/2010/09/28/us/politics/28florida.html?_r=1&emc=eta1
Sounds very familiar! Unfortunately, for many communities like SIB, the damage is already done. Now it’s a matter of damage control AND PEOPLE WITH THE RIGHT PRIORITIES. But like the article says, there are millions of dollars working in favor of these cozy relationships. It’s a tough battle for the rest of us to fight, not having that kind of $$$ to do it.