So, any guesses where this might be a lucrative scheme for CHSRA? Don't worry Palo Alto, it would probably only directly effect those places where real estate values are the highest, and likely to be wildly profitable for CHSRA...
Morris Brown provided this info:
"A copy of a letter sent by Assemblymen Patterson and Bigelow requesting an audit of the Land Acquisition activities of the CHSRA can be viewed at"
From this letter, Point 8 reads:
"The Authority is sponsoring AB 481 (Lowenthal), which will enable it to generate revenuefrom the sale or lease of acquired land that is not needed for high-speed rail purposes. Howmuch "nonoperating" land does the Authority project it will acquire? Is this projectionreasonable and necessary? For what purposes does the Authority plan to lease this land, andhow much revenue does it expect to generate?"
Of course, this audit request will undoubtedly be denied because these are republican Assemblymen and the legislature is completely controlled by democrats that can't love the CHSRA HSR/Big developer/Big union land grab scheme enough.
More info on AB481, already passed in the Assembly:
Hopefully those of you concerned by this tactic will write to the Democratic legislator(s) that you voted in last time, to let them know you don't support this SCAM.
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