"Wealthy local govt despite the low wealth of its residents." Aha! Government planning at its finest! Created a caste system!
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well the irony of the story was about a broke city govt in spite of its $169K median household income.
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pension liabilities?
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How long have casinos been in the Bay Area?
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Looking at it this way, I shouldn't hate on them so much. We can't expect leaders to not act in the best interest of their jurisdiction.
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Perhaps we must get leaders to agree (ethically collude?) to bring about the best regional outcome in the long-run.
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And! Casinos pay the govt. The govt builds infrastructure, like bridges. The homeless sleep under the bridges. Everyone is a winner!
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Also, San Pablo sits on the i80, near i580, is surrounded by large cities, has a lot of mixed use and is twice the size of Moraga.
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I believe San Pablo has allowed housing, too. I recall friends moving into a brand new development of low rise condos before 2008 crisis
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