Culture of corruption: Liberals aim to cash in on selling military land
From The Hill:
House Speaker Nancy Pelosi (D-Calif.) is eyeing treasure in a massive Pentagon bill that could benefit her district greatly.
Pelosi is among dozens of House lawmakers pressing for a little-known provision in the defense policy bill that would speed up the transfer of military bases to private developers.
It’s amazing that Democrats are all about cutting through red tape when it means handing over federal govenrment land to politically connected developers.
Pelosi has personally fought and negotiated with the Navy over the land transfer, but those negotiations broke down.
Now, under the provision in the House bill, lawmakers could force the Navy to wave a white flag and accept a sweetheart deal for the city that involves no immediate payment for the land.
Instead of negotiating the value and paying the Pentagon upfront, the military services would transfer the land at no cost to local authorities for economic development. Cities and other local authorities can put off paying for that land until it is developed and the value will be determined at that point.
So the Pentagon is supposed to hand over ownership of a potentially $ 1/4 Billion piece of real estate and trust the city of San Francisco to come up with a fair price. That sounds fair.
