Conversation

If you had a load of land and the opportunity to create a new city with it, who would you give votes to? Land owners = shareholders Tax payers = paying customers Residents = users Should it be any different than a corporation? Users can vote with their feet. LO/SH hold the bag.
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If we frame the question differently it's easier to answer maybe... We need to define all the players more clearly. Seems we are missing a few with just 3.
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There probably are more than 3 stakeholders. In a business you might have: * shareholders * founders * board * employees * customers * nearby geos who benefit from employment, license fees, taxes, etc. * nearby geos who worry about environmental and other risks of business
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More simple... Owners Managers Customers But this is life, was thinking in pairs... Owner/investor Owner/producer Manager/resident Merchant/consumer Institution/customer City/resident City/owner City/manager City/producer City/merchant City/institution Who has claims?
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If the city government is basically a huge homeowners association, it exists to serve the home/land owners. The HOA Board is elected or hired by the owners, Board hires other service providers/operators. Anyone with a claim about anything happening in the HOA zone would go to HOA
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That's kinda the question. Stakeholders are real. Not imaginary. In systems, stakeholders defined are served. If we define residents and their basic needs a city obligation, the 11 or so city stakeholders could pay rents if decided
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Ultimately, the risk & responsibility of the land is with the owners. They hold it as an investment and operate it as a business. The better job they do at making the land attractive, the more money they'll make. Customers might ask for things that would hurt land owner value.