Even now, with about 300,000 residential units sitting empty around the state, the push to build continues. Since 2007, local governments have approved zoning and other land use changes that would add 550,000 residential units and 1.4 billion square feet of commercial space, state figures show.Sigh. Only the unanimous support for the proposed changes by the Pepper Pike residents who currently live at The Pointe persuaded me to vote yes on those plan changes. But the reality still may be that while the demand for the originally planned units is next to nil right now and for at least the next couple of years if not longer, the demand for what will be going up remains extremely uncertain in my mind.
So for Ms. [Lesley] Blackner, a Palm Beach lawyer with a Mercedes full of paperwork, the real estate crisis is not just the fault of Wall Street, Washington or misguided borrowers; it is also the back-scratching bond between elected officials and builders — a common source of frustration in weak real estate markets around the country wherever developers are still fighting to add more housing.
NB: The article is about the sides lining up behind and against Amendment 4:
Amendment 4, as it is officially called, would give Floridians a vote on changes to state-mandated plans for growth in every county and municipality. Much of the potential impact of the measure is up for debate, with important details most likely to be decided by the courts.
But if it is added to the state’s Constitution — which would require 60 percent approval on Election Day — critics and supporters envision revolutionary change.You can read more about it here.