Tuesday, March 06, 2007

Henry Daily Herald, McDonough, GA - ‘Private Cities’ measure back before lawmakers
Nancy Levy sends this extremely interesting story of a major privatization proposal in Georgia:

ATLANTA — Last year, they were “community development districts.” This year, they’re “infrastructure development districts.” But to critics, legislation that would let developers use quasi-governmental powers to finance and build new communities in undeveloped areas across Georgia still goes by the more pithy sobriquet “private cities.” For the second consecutive legislative session, Republicans are pushing a bill and accompanying constitutional amendment that would allow landowners to finance the roads and water and sewer lines needed to create large developments. Subject to the approval of affected cities or counties, property owners would form districts governed by boards with the power to float bonds that would be repaid through taxes, fees and assessments levied on the residents.

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