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Smart Growth Program Vetoed

Posted by: Liyuan Huang

22 June 2009 - 12:00pm

Texas Governor Rick Perry recently vetoed a bill that would have created a state level "smart growth" program.

Part of the explanation of the official veto is as follows:

"Decisions about the growth of communities should be made by local governments closest to the people living and working in these areas. Local governments can already adopt “smart growth” policies based on the desires of the community without a state-led effort that endorses such planning..."

Full Story: Smart Growth Bill Vetoed
Source: New Geography, June 22, 2009
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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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