Crony capitalism happens at all levels of government. So long as there are favors to hand out someone will be there with an open hand.
The below report comes from Rochester, New York.
A local developer built a mall that as of now has only 2 tenants, a Sears on one end, and a Macy’s on the other. In between dark sealed store fronts. It is a disaster.
But in a taxpayer funded double down the developer wants the public to pay for (mostly) the construction of condos adjacent to the mall so that the mall will have someone shopping in it.
I just don’t see how building condos next to a horrible mall in the midst of an economic depression could go wrong! I say full speed ahead!