Word: bekken
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...real world were as simple and elegant as the content of the Coase Theorem suggests--that is, if private parties could bargain over resources without cost and therefore solve the problem of externalities on their own--then Central Square defender Jon Bekken would be busy bargaining with the Holmes Trust at this moment rather than complaining about Holmes' proposed development, as he did in The Crimson, in a March...
...Bekken's suggestion that "locally-owned business serving residents of the surrounding working-class neighborhoods will be replaced by six floors of upscale chain stores and high-priced apartments" implies that Holmes nationwide chain stores will be exceedingly high-class and that the local residents will not be able to afford them. If this is true, it would result in a negative externality: the angry local residents would be forced out of local shopping areas by incoming affluent citizens, thereby disintegrating the current community...
...other words, the small, local owner does not internalize any external costs. But as the owner of the conglomerated properties, Holmes will remove many of the negative externalities that the smaller current owners might cause the community. If observing young punk skaters in front of Hubba Hubba is what Bekken defines as the "vibrant neighborhoods organized on a human scale," Holmes may actually be doing a huge favor for the community with the potential orderliness it would bring through new stores...
According to Bekken, the request before theboard was filed by the Trust in order to expandits planned building beyond the limited height anddensity specifications for the site. If thespecial permits are granted, the Trust will stillneed to obtain a waiver from the Zoning Board...
...Bekken said the protesters were pushing thePlanning Board for an extension of the request "toallow full community participation and fullconsideration" of the permits...