Trading Off Housing For 'Big-Box' Development

A former city manager and current real estate developer discusses the development trade-offs California cities face stemming from Prop. 13.

1 minute read

August 28, 2002, 11:00 AM PDT

By Chris Steins @planetizen


The outgrowth of Proposition 13 has been municipal reliance on sales taxes as a source of new revenue, resulting in greater demand for siting commercial projects over housing developments. Reflecting upon the economic development challenges cities face, TPR spoke with Larry Kosmont, a former city manager and current President and CEO of Kosmont Partners, specializing in matching private sector real estate opportunities with public sector land use policies, regulations, and financing/incentive programs.

Thanks to Larry Segal

Tuesday, August 27, 2002 in The Planning Report

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