<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">Eric,<div><br></div><div>Great article. When I was on the CC IN 2003-2007 the opposition called opposition to expansion being anti-business and anti-growth. In reality it was a realization that growth does not pay for itself and requires more growth to pay for current expansion.</div><div><br></div><div>David Schauner<br><br><div id="AppleMailSignature" dir="ltr">Sent from my iPhone</div><div dir="ltr"><br>On May 16, 2019, at 6:03 PM, Eric Kirkendall via Electronic-lan <<a href="mailto:electronic-lan@lists.ku.edu">electronic-lan@lists.ku.edu</a>> wrote:<br><br></div><blockquote type="cite"><div dir="ltr"><div dir="ltr"><div><span style="color:rgb(0,0,0);font-family:"Titillium Web"">I expect a lot of readers of this list server are familiar with the <u style=""><a href="https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.strongtowns.org%2Fthe-growth-ponzi-scheme&data=02%7C01%7Celectronic-lan%40lists.ku.edu%7C4ea7278be0824cb7b1da08d6da58bf0a%7C3c176536afe643f5b96636feabbe3c1a%7C0%7C0%7C636936472031397522&sdata=tzW5bzb3rWrjFa7AXuWNi2G61ySwrZ6yYdFoAyc%2FMbA%3D&reserved=0" originalSrc="https://www.strongtowns.org/the-growth-ponzi-scheme" shash="SvmshpBvq5p3fOsnhgN1avFdG7NIFqIKVfBTSheRHYGDivql08iRAa7JBcfrsl6jU5Di2WWppw86DMX3S+CH1QIsHeo1M5iL6PUGxwGcHapTwh76D4iVuC9jyvNT/qPY7pM+zJoohaSd/ghYjL0pEAOp7E9FoFnbS6Uw7rUkty8=" originalsrc="https://www.strongtowns.org/the-growth-ponzi-scheme" shash="mjMuSu0MQKAQ6VH+X/oQrlSk6kK0jGMvgh9dCNLKleoOcEXSLNpsZeIibP2BbPxC2Q/orkvSXR2x1nbIMi7NtdLCn04Zc73QmczpruRlCJQQgnaaBTZ5J6Z5AUgxDqVY8mmVwG2+Ipx2LK8IDCGMuMYAaZJ8Q73vur/mK4zLoq0=" target="_blank">Growth Ponzi Scheme</a></u>. </span></div><div><span style="color:rgb(0,0,0);font-family:"Titillium Web""><br></span></div><div><span style="color:rgb(0,0,0);font-family:"Titillium Web"">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.</span><br></div><span style="font-family:"Titillium Web""><div style="color:rgb(0,0,0)"><br></div><font color="#0000ff">"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.</font></span><font color="#0000ff"> " </font><div><font color="#0000ff"><br></font></div><div><font color="#000000">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</font><font color="#0000ff">.</font></div><div><font color="#0000ff"><br></font></div><div><font color="#0000ff">Regards,</font></div><div><font color="#0000ff"><br></font></div><div><font color="#0000ff">Eric Kirkendall<br></font><div><font color="#0000ff"><br></font></div><div><font color="#0000ff"><br></font></div></div></div>
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