[Electronic-lan] The Growth Ponzi Scheme

[Kyle Thompson]

Good Articles.

 

This podcast 

 

https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fsmartsolution247.com%2Fmemphis-sprawl-and-deannexation-featured-on-vox-podcast-smart-city-memphis%2F&data=02%7C01%7Celectronic-lan%40lists.ku.edu%7C1f319896785949d5c18c08d6dac5766e%7C3c176536afe643f5b96636feabbe3c1a%7C0%7C1%7C636936938970773936&sdata=orSHlxXpGyLFM2mFLiccHneByjGVHoPSblQSEdymqPE%3D&reserved=0

 

has some. Lessons on sprawl from Memphis, a city which annexed existing suburban areas and found the expense the hard way.

 

Thanks,

 

Kyle Thompson

kthompson at sunflower.com

785-331-5783

 

 

 

From: Electronic-lan <electronic-lan-bounces at lists.ku.edu> on behalf of LAN <electronic-lan at lists.ku.edu>
Reply-To: Eric Kirkendall <kirkendall1 at gmail.com>, LAN <electronic-lan at lists.ku.edu>
Date: Thursday, May 16, 2019 at 6:03 PM
To: LAN <electronic-lan at lists.ku.edu>
Subject: [Electronic-lan] The Growth Ponzi Scheme

 

I expect a lot of readers of this list server are familiar with the Growth Ponzi Scheme.  

 

For those who are not, this is an excellent, fact-based and eye-opening article, and part of the reason I respect the Lawrence citizens, staff, and city commissioners who are trying to manage our growth, and as much as possible, keep it within current city boundaries.

 

"What we have found is that the underlying financing mechanisms of the suburban era — our post-World War II pattern of development — operates like a classic Ponzi scheme, with ever-increasing rates of growth necessary to sustain long-term liabilities. " 

 

For those who think is is not the scenario today, I believe it is.  We recently build a huge new recreation center, and are planning other new city buildings, but don't have the money to properly maintain our roads or other infrastructure.

 

Regards,

 

Eric Kirkendall

 

 

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