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Wally Loveless 
Member since Dec 14, 2011


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Re: “Tougher Lake Maumelle land use plan approved in committee

It's a sad commentary to read the lewd and hateful comments that have been posted. It appears that it is the modus operendi of the Occupy crowd to demean and demonize those who have another opinion. The fact is that large land owners in the watershed will still be able to develop due to economies of scale. They can afford to hire engineers and surveyors and comply with complex and contratictory regulations. It is the small property owners who will be overwhelmed by regulations and expense.

What we CAN count on is a significant loss in value for those who own land in the watershed. There is no debate about that. From the time I began serving no the Maumelle Watershed Task Force in 2004 through my term on the Policy Advisory Committee in 2007 I have always advocated for a plan that would protect the water. My plea was that if it caused a loss in value for those who own land in the watershed they should be compensated fully. To date neither Judge Villines, nor the Quorom Court or any of the groups that are demanding stringent controls have EVER suggested any compensation for those who will lose rights and land value.

I would be interest in hearing what you say about such a loss. Before you espouse that they will benefit from regulations by land prices increasing just assume that values, over a 5 year period lose 30% or 50% of value. Should those who lose value be able to seek recompense? As you do think about your IRA or 401K and having a chunk of that taken by the government. Or if that is too elitist then think about what you will be entitled to through social security. Now suppose the gov't sent a letter saying that your payment will be reduced by 30% or 50% because they need to bail out some banks so our economy can survive and thrive. You know, for the "greater good". A "financial condemnation" if you will.

That's kind of how this strikes the small landowners. Oh, incidentally, this plan, since it would preclude land sales and values for the small owners would enhance large land owners since they would still be able to develop but have less competition and be able to tout lower density.

As I said last night the projections of development by Haas/McKinsey-39,000 in 50 years-would mean that there would have to be 2.2 new home starts EACH DAY for 18,250 days in a row. Such projections would be laughable it if weren't for the fact that people actually say that they believe them to be true.

Please respond to my question about compensation for property value loss.
Thanks,
Wally Loveless

3 likes, 4 dislikes
Posted by Wally Loveless on 12/14/2011 at 1:26 PM

 

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