Real estate developers come in all colors, shapes and sizes. One useful metric to apply when evaluating a r.e.d., does he/she live in the area under development? Will Red live in his development when the project is complete and the profits are banked?
Two interesting articles in the local media today on the subject.
The Washington Post weighs in with:
The Sleaze in Loudoun
Insiders get rich, and the public stays in the dark.
SMALL PLACES rapidly on their way to becoming big are often susceptible to opportunism, abuse and influence-peddling practiced by a closed circle of insiders...
The Charlottesville Daily Progress offers up:
Albemarle's double-edged growth tool
County's control over development scrutinized
Albemarle County?s new effort to direct growth not just into growth areas but within those areas has some developers scratching their heads, some even alarmed.
For more discussion visit Waldo Jacquith's Cville News
Brian Wheeler and Coy Barefoot talk about Charlottesville's growing pains:
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