Massive budget gaps hinder commercial development projects
By: Bill Myers
Examiner Staff Writer
March 1, 2010
A lack of money is hobbling local governments' plans to transform their towns from sprawling cul-de-sac suburbs into dense urban centers.
"The future of this region lies in creating walkable, livable communities," said Cheryl Cort of the Coalition for Smarter Growth. "Our country is broke, our local governments are broke and we need to make much better decisions about our investments."
The region's leaders have tied, or are thinking of tying, billions of public dollars into these new developments, from Tysons Corner in Fairfax to White Flint in Montgomery County. . . .
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