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Old February 18th 06, 05:36 PM posted to rec.aviation.piloting
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Default Bad news day in Sacramento


wrote in message
ups.com...

There are ample empty Big Box vacancies around suburban Chicago. The
scheme from
the Alan Keyes disciples is to declare a suburban downtown area
"blighted" (usually containing 1950's and earlier buildings) and issue
mega $Millions in bonds to buy up the
blighted real estate (at a hefty price) and resell to connected
developers for your typical yuppie condo/$tarbucks "improvements".


Okay!

When the taxes from the "redevelopment zone" fail to pay off the bonds,
all the town HOMEOWNERS are hit with property tax increases to fund the
mess.


Figured how?

No revenue from the "resell"?