Wednesday, January 19, 2011

Non-environmental economics post: Unintended Consequences? Or crazy like a fox?

© 2011 Joshua Stark

A threat is an interesting thing.

When Governor Brown proposed his budget for the State of California, it included eliminating the redevelopment agencies.

I don't have an economic opinion on that proposal, because I've never waded into those waters.  However, I have noticed a number of fast-tracked redevelopment agency projects in the wake of this announcement.

Here's Fremont.

And San Jose.

And Riverside.

This recession has needed large infrastructure projects for both the short- and long-term health of our State.  It looks like Brown figured out just how to spur those projects, without resorting to any more state deficit spending.

The question for me is, did he mean it?  He's just crazy enough to have thought this through, if you ask me.  But, I really don't know.

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