Contracts beat conflicts. And when it comes to stagnation or not, we ain't seen nothing yet. Here the NY Times reports on crowdfunding when it comes to real estate development. This may put a damper on NIMBY (h/t TMG). Contracting can replace a bunch of conflicts.
I have mentioned several times that when it comes to the way cities grow, it appears that preferences trump policies -- in spite of the thicket of politics we encounter everywhere. The scales will tip more towards preferences as we give locals a chance to buy in to more local development possibilities.
ADDED
The Economist (May 18) describes Civic Crowdfunding for infrastructure. Crowdfunding, then, can go to public or private projects. It can include donations as well as investments. I like it.
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A blog exploring the intersection of economic thinking and urban planning/real estate development and related big-think themes.
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