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Gmenfan

05/01/08 11:13 AM

#30808 RE: Pawsy #30806

Good find. This part is particularly interesting:

Losing at lawsuits - The scenic coastal city near me named Half Moon Bay was nearly forced into declaring bankruptcy last year when a judge handed down a $37 million judgement against the city for delaying a developer's chance to build on a piece of land he acquired in Half Moon Bay. After 14 years the land became wetlands and the developer sued and won. Half Moon Bay's general funds are only about $10 million per year and it could not afford the judgement.