[QUOTE=Le Corbusier]
I don’t think anyone is trying to fool you with the “altruistic developer.” Of course they are in it for the money, and frankly they are going to build somehow, someway. At least with public/private partnerships we can force them into doing good things for the community.
[/quote]
I’d say that building a hotel and providing jobs is a good thing for the community.
Of course, by “good things for the community” you mean “a bunch of things politicians want these developers to do in order to make the politicians look good.”
No. Why should we do this? Why should a hotel developer be forced to provide “affordable housing” (however it is defined) in order to build something? It’s his property, so why should he have to build a bunch of other stuff for him to get the permission to build on it? Your idea that somehow politicians should be able to extort a variety of goodies in return for letting people build on their own property shows an appalling lack of respect for property rights. If this is how most urban planners think then we certainly need much more stringent property rights laws on the books.
Whatever. The urban planning you love so much does a lot to drive up the price of housing. Strict zoning and land use laws increase the cost of housing by an incredible amount. Rent control also drives up the price of housing for every other unit of housing not included in rent control. Furthermore, laws mandating “affordable housing” likely drive up the cost of housing, too. For instance, if you charge up to a certain amount of rent you must accept Section 8 vouchers. Many landlords don’t want Section 8 folks, so they simply set their rent above that level.