No Water, No Growth
29 May 2007 - 10:00am
Arizona legislators have passed a bill limiting urban and rural growth in areas where water is in low supply. Final approval is expected from the governor.
"Arizona lawmakers voted Thursday to expand the state's growth management efforts, approving a bipartisan bill to empower counties and cities to place new restrictions on rural development without adequate water supplies."
"Legislative approval of the measure came a quarter-century after the 1980 enactment of a historic groundwater management law imposing new pumping and irrigation restrictions in 'active management areas.'"
"Those areas include Phoenix, Tucson and Prescott. Those urban-oriented restrictions were aimed at curbing groundwater depletion that outpaced natural replacement."
Full Story:
Arizona passes limits on growth
Source:
The Los Angeles Times, May 25, 2007
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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