Comment Re:And once the bubble pops... (Score 1) 65
Strongly disagree. They can only have the money back if no shovel has been turned, literally or metaphorically. By the time construction has started there's already been disruption to the community. All or nothing, fuck those fucking fucks.
I was using the escrow to ensure funding for the utility work, e.g. they say they are paying for power / transmission line / water / other utility upgrades. This prevents taxpayers being left holding the bag if the company goes bankrupt or wants to cancel the project after updates are committed. I have no problem with them canceling the project, but after the upgrades start they will not be able to go, "Oops fingers crossed!"
Projects can fail, but this way if it fails it won't negatively affect utility ratepayers. This will not prevent issues with taxes, but that's a risk with any project unfortunatley.