Re: [UC] The 800-lb gorilla has cousins

[Krfapt]

Perhaps I should clarify...   The item did, indeed, talk about property values. But the point I was trying to make in citing it, as I thought I was emphasizing with the "800-lb gorilla" reference (Penn's been called that, and the article used the term to describe the U of NV at Reno) really had to do with a major entity using its economic clout to get what it wanted through political manipulation, to implement its version of an enlightened vision for the community, essentially without being concerned about who might get hurt.   Also, with respect to property values, the argument in the article involved the uncertainty associated with UNR's 50-year plan, which included the perceived threat of unwilling sellers being forced to give up their holdings at what someone decreed as "fair market value" under eminent domain. This would, indeed depress property values in the zone which the University wanted to acquire, because it would make parcels unsaleable except to high-risk speculators. No doubt, the owners on the "safe" side of the line bounding the proposed project anticipate their values rising. But they weren't the people cited in the article... it was those in the path of the wrecking ball.   Always at your service and ready for a dialog, Al Krigman   PS: For those who missed the original reference and actually want to see what the discussion is about, it's at http://emdo.blogspot.com/2005/04/neighbors-wary-of-unr-expansion-reno.html