[mhays]

The funny thing is that the development industry is fractured on growth management. The sprawl people want cheap greenfield sites and subsidized infrastructure. The owners of existing commercial property often want growth management....because reducing the ability to sprawl helps maintain/grow values for existing properties.

In fact, many commercial real estate buyers focus specifically on properties in markets with "high barriers to entry." They're willing to pay more in land-restricted cities because values have more potential to go up vs. go down.