Trading Off Housing For 'Big-Box' Development
28 August 2002 - 11:00am
A former city manager and current real estate developer discusses the development trade-offs California cities face stemming from Prop. 13.
The outgrowth of Proposition 13 has been municipal reliance on sales taxes as a source of new revenue, resulting in greater demand for siting commercial projects over housing developments. Reflecting upon the economic development challenges cities face, TPR spoke with Larry Kosmont, a former city manager and current President and CEO of Kosmont Partners, specializing in matching private sector real estate opportunities with public sector land use policies, regulations, and financing/incentive programs.
Source:
The Planning Report, August 27, 2002
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