Smaller airports are being hurt most by the holdup in grants. They lack the revenue to float big bond issues and grants account for more than half of their annual revenue. Even big airports, whose bonds are welcomed by Wall Street, want a multiyear bill. They need time to plan. Good and Bad Ideas C alifornia is a land of ideas and two recent bills passed by the legislature indicates that the ideas can be good and bad.
Transportation is the key and they follow the principle of the founding of most cities.
Some newer agencies in California already have this power. Legislatures in other states faced with similar congestion and housing needs should consider this approach. By working with communities and the private sector, the impact on public coffers could be minimal and the results bountiful. Most importantly, the agencies cannot use eminent domain to seize private property for such purposes and they must abide by local zoning rules. This bill effectively would end construction of large warehouse type stores, such as Costco and Wal-Mart stores, which also tend to be nonunion.