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Thread: Blog article - How sprawl is like Bernie Madoff

  1. #1
    Cyburbian Plus
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    Blog article - How sprawl is like Bernie Madoff

    http://switchboard.nrdc.org/blogs/kb...rnie_mado.html

    Sprawl development, says my analyst friend Chuck Marohn of Strong Towns, is basically a Ponzi scheme of its own. Municipalities chase tax revenues by extending infrastructure to accommodate new taxpayers. They borrow money to pay for the infrastructure. But, in order to repay their creditors, they need still more revenue, prompting them to chase more development, requiring yet more infrastructure, perpetuating the obligations.
    Interesting definition.

    Could you agree with this ?
    Oddball
    Why don't you knock it off with them negative waves?
    Why don't you dig how beautiful it is out here?
    Why don't you say something righteous and hopeful for a change?
    From Kelly's Heroes (1970)


    Are you sure you're not hurt ?
    No. Just some parts wake up faster than others.
    Broke parts take a little longer, though.
    From Electric Horseman (1979)

  2. #2
    Cyburbian wahday's avatar
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    I think that is a pretty good assessment. Its one of the dynamics that perpetuates leapfrog development: a city puts the breaks on development at its fringe to get a handle on growth and expenses. But then the county that is outside of that boundary encourages development to capture the tax revenue to address their already strapped ability to maintain roads, infrastructure, schools, etc. And on and on we go, paying the debt forward.
    The purpose of life is a life of purpose

  3. #3
    Cyburbian DetroitPlanner's avatar
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    Yes. Guess what happens when 400,000 jobs disappear in one decade? Detroit

    I was listening to WSU's big boss speak last night. He put it plainly as and I paraphrase "of the 2 million jobs that the US lost last decade, Michigan lost 1,000,000 of them, or as much as the other 49 states combined."

    We Maddoffed.
    We hope for better things; it will arise from the ashes - Fr Gabriel Richard 1805

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