PPP "soldiering on":
(Weren't we 'assured' that "it can't happen here"?)
Today's N&O Editorial
Published: Sep 05, 2006 12:30 AM
Modified: Sep 05, 2006 07:28 AM
Tom Darden, former chairman of the Triangle Transit Authority and CEO of Cherokee Investment Partners, still believes in a rail system to serve this area, and he still believes it would be smart to develop high-density, multi-use residences, offices and businesses near the sites of rail stations.
And that goes for Darden even though the TTA has withdrawn its request for $810 million in federal funding for a 28-mile regional rail system.
Darden, whose company is working on other projects around the country involving development around transportation systems, believes calling a halt to dense development around rail station sites just because of hitches in getting started would be a serious mistake.
Time and again in a meeting with News & Observer editors and reporters, Darden said he is confident the system would be built, even though the precise day of beginning and the day of completion can't now be determined.
Read the entire editorial here:
Cherokee Partners has been lauded in "Local Boy Makes Good" stories and other stories about how innovative the company has been in cleaning up contaminated soils by turning it into bricks, but little attention has been paid to the role that Cherokee Partners has played in government land grabs for Redevelopment Areas around the nation. In case anyone failed to notice in the earlier article posted above, Cherokee Partners is going to cash in on land that TTA has aquired by eminent domain or supposed "willing sellers" under the threat of eminent domain.
It seems that Cherokee jumped on the transportation gravy train of corporate welfare a long time ago and this partnership is one that we need to watch very closely with much concern!
Camden's 'renewal' is really just a land grab
"In April 2004, Cherokee Investment Partners, a development company from North Carolina, submitted to the city both a study of Cramer Hill and a plan for the neighborhood's future. The study explained that Cramer Hill was a blighted area ("blight" and "area in need of redevelopment" are legal terms of art now used interchangeably by developers)."
Philly.com article http://tinyurl.com/phhvs
When the N&O editorial states that their editors and reporters "meet time and again" with Darden, and one of their reporters that I have written to about this partnership says; " I don't know what a 'blight' statute is or whether NC has one, ..." and thinks that whatever a blight statute might be is irrelevant because the land taken "...does not involve property that has been labeled as contaminated or otherwise damaged." , the citizens have to take this very seriously and be their own watchdogs on how this plays out.
TTA and Cherokee both say that they will aquire additional land for the projects. By what means?? Will ED be used or hang like a threat over future deals? Are we already looking at a case of using eminent domain for private redevelopment here?
It looks that way to me.