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Unformatted text preview: etc. The entrepreneur planned to put up outdoor lights on the field and operate seven days a week and during the night. In order for the entrepreneur to develop the recreational facility the way he/she wanted, the land and buildings would have to be re-zoned HC or heavy commercial. Heavy commercial zoning means that just about anything and everything could go in there if this entrepreneurs venture failed. From a car dealership to a junk yard and beyond. If the school property were to be re-zoned to heavy commercial, what could easily happen to the value of my home and land? Who would want to live next to a whatever? Do you see that changing the zoning (property rights) associated with the school property could impose a serious negative externality on the property my wife and I owned. Do you think we fought the re-zoning? Yes we did, and fortunately we won. But, we stifled free-enterprise in the process. We acted in our self interest to protect the value of what was ours....
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- Fall '10