Sunday, April 24, 2011

Lansing may zone payday lenders out

The Payday Pundit states that kicking a legal, profitable business like pay day loans out of town are a poor choice – so zoning them out is a poor choice. NWI.com states the Lansing, Mich., Planning and Zoning Board are looking for ways to revise ordinances to phase bad credit loans out of town. Cutting legal, profitable, in-demand businesses out of the picture is a poor choice, considering that Michigan’s HB 4214 is holding the financial martial law ax over every struggling town in the state. Article resource – Lansing says no to payday lending as Michigan economy flails by MoneyBlogNewz.

All the ’special use’ provisions to change

The “special use” zoning provisions have been looked at a lot by Lansing’s Planning and Zoning Board of Appeals to check changes. The suggestions that targeted payday lenders aren’t a coincidence. Limiting the number of in-home day centers and talking about parking near churches in residential neighborhoods are definitely something to consider. Still, it doesn’t make sense to stop the business of payday lending considering it help’s the city’s economy as well as helping out those citizens in the city.

While the proposed zoning change would only prevent new pay day loans outlets from locating in Lansing, critics see such a move as the typical first step against an enterprise lawmakers want to covertly torpedo. Passing it off as encouraging “more variety in the types of companies” that call Lansing home, which is how Trustee Mikal Stole explained the proposal to NWI, is a smokescreen.

Many fighting

The state government would be able to “force a municipality” such as putting Lansing into bankruptcy with its “financial czar” (EFM) according to Detroit Rep. John Conyers while it is “an assault on democracy” according to AFL-CIO president Mark Gaffney. This is how Michigan House Bill 4214 has already brought on some troubles. The political powers of Benton Harbor, Mich., officials have been superseded by a newly appointed EFM who will take control of the municipality. The economy of the small town might be bad enough to warrant dissolution, a power HB 4214 grants to a governor-appointed Emergency Financial Manager.

The Rachel Maddow Blog shows that Benton Harbor’s per capita income is the lowest in Michigan. It is at $8, 965. From Benton Harbor, you just have to cross the St. Joseph River to get a better number. The PCI is at $24, 949 in “Twin City” St. Joseph. The Whirlpool company is located in Benton Harbor, celebrating its 100th anniversary. The business is in St. Joseph, “on the other side of the tracks,” celebrating this.

The business staying at home is something the Benton Harbor business individuals would like. Keeping around payday loan corporations is something Lansing should want. This is because there may soon be a financial czar is faces.

Information from

The Maddow Blog

maddowblog.msnbc.msn.com/_news/2011/04/18/6489195-whats-at-stake-in-benton-harbor

NWI Times

nwitimes.com/news/local/govt-and-politics/article_61f251e3-379e-5576-adde-8954a51e9131.html

Payday Pundit

paydaypundit.org/2011/04/18/too-prominent/



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