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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (128379)	11/13/2000 12:42:40 PM
From: tejek	Respond to of 1570760

I was not commenting specifically on the new law. If it truly does allow people to ask for the moon for minor reductions in value of their property then the law might be wrong but the concept behind it is right. Tim, Reading the initiative, it appears to be poorly written, allowing for huge awards....the monies that the initiative suggests are needed on an annual basis are huge. I suspect part of the motivation for this initiative is Portland's land use policies. Specifically, where the land is kept zoned at a low use or even downzoned...a tool that most cities have and use. (A low use insures that the land will be worth less than at a higher use.) In Portland it has been implemented to insure a greenbelt around the city. With this new iniative as I read it, if land is downzoned, the city will have to pay the landowner. If a plant is polluting a river, the company owning the plant will have to be compensated if a community orders it to correct the pollution problem even though the polluting is against the law. In general that's how I read this initiative. PT may be able to refine that. Basically I think the initiative is unfair and goes against what's best for everyone but I am sure others would disagree. ted