Apr 27, 2015
Recently, MTA (the Los Angeles public transit system) announced it will set aside 35 percent of its own land for “affordable housing.” Metro will sell the land at below-market rates.
What nice folks, these MTA managers – helping low income people. In reality, low income people aren’t getting the land. Real estate developers are – huge areas of public land at cheap prices.
The developers must already be salivating over their loot.