Just found out that the City of Aurora had to use its power to obtain the rights redevelop a blighted retail complex next to my home.
As would be expected there are those who claim the city is over reaching and using power that shouldn’t be afforded to it.
I agree. In a capitalist society the market should dictate the use of private property. However I’ve lived next to this retail complex for approximately 10 years now, and I have to admit that I’m thankful the city finally took over.
Nothing is worse to me than seeing urban decay. I despise seeing huge concrete structures abandoned. To me it’s not only a terrible eye sore, but also an unnecessary drain on the surrounding property values.
From what I can see this new development is going to take approximately 5 years to complete, but when finished will result in an expanded public transportation hub, and community park.
I’m excited for development, and hope that those who disagree with the policy of eminent domain can see the benefits in lieu of the politics.
For more information on the project check this story out published recently by the Denver Post. http://www.denverpost.com/2016/07/01/regatta-plazas-old-buildings-go-down-as-redevelopment-plans-go-up/