Now maybe if the Plan can be viewed like a response to a force 8.0 earthquake in the LA Basin created Plan, where instead of an earthquake, we are talking about a Weimar Republic inflationary depression, this is a good thing (which just might happen).
Otherwise, this still gives the private property owners an interface with local politicans to push their pet redevelopment projects, which in the real US world, is the only way anything other than expanding freeways is ever built with public money. This just may be a shrewd political move.
"If I haven't anything in my mind, what should I do?"
Joshu replied: "Throw it out."
"But if I haven't anything, how can I throw it out?" continued the student.
"Well," said Joshu, "then carry it out." Zen Flesh-Zen Bones #41