Completely different item. Taking YOUR home through eminent domain, so that a person that is perceived as wealthier(actual numbers for condos were less) that some of the homes that were being grabbed.
Bill, you have a nice home. I can buy it and make it worth more with very little effort. You know this turning homes is your hobby. You have told me how little you have spent to make more $$$$$$$. So the theory is either flawed or we create a city that might as well be called "Donnerville."
Possible Donnerville Sign*
I generally feel that it is hard to get people to invest in a city when others are so quick to wave tax returns at public meetings saying, "You cannot afford to live there I have your tax records" actual quote from the Lombardo meeting. If we are to look upon our neighbors as Burgers and Drumsticks like in a cartoon of starving people. Most would pass on that action.
The biggest money for the least amount of work and effort is along the Lake with high rises. Still as most that are on such committees live along the lake it is rarely even looked at. I would say, that a proper line would be great ending at Clifton Beach, for the city to enjoy. Another way to crank up values is beach access for the city. Another subject rarely looked at though "public parks" are legal use of eminent domain. Hmmmmmmmmmmmmmm? I have to think it would be easier to sell homes and rent them with "Beach Access!"" Go north than just take the Windemere Rapid Line west to Clifton Beach and head north about 1,000'."
* For those unfamiliar with the Donner metaphor
http://en.wikipedia.org/wiki/Donner_Party
.