Good piece with the usual cast of characters about Leucadia in the San Diego Business Journal click me
It's funny, some of the quotes out there from the developers. They always claim they don't use eminent domain, or want eminent domain, blah blah blah. Then there is the bold comments from a developer trying to take a 35 year old business in Littly Italy San Diego link
The final paragraph in the SD business journal piece is odd because it says Carslbad does not use eminent domain yet the whole Ponto project fiasco will result in the loss of private property.
From a purely business standpoint, said Andreen, the issue remains: Who is going to pay for improvements in aging neighborhoods?
“Leucadia’s infrastructure is in very bad shape,” he said. “The city, because it’s built out, doesn’t have a no-growth problem. The growth is here. Our city is like a living organism, as far as capital investment. The money can’t go into growth, so it has to go into regrowth, like the Gaslmap Quarter. So, too, can Leucadia address its flooding with or without redevelopment.”
Andreen said he knows investors in commercial real estate who believe the future of the city is in Leucadia and are willing to put money there.
Okay Andreen, who?