Chairman writes letter to Gov Crist on SB 360

May 26, 2009

Dear Governor Crist,

Please reconsider your reported support of SB 360.

We cannot develop our way out of the overdeveloped inventory that continues to devalue our original housing stock, in addition to devaluing the empty and foreclosed units themselves.

One definition of insanity is doing the same thing over and over expecting a different result.

To add more units would lower the taxable value of existing units, defeating the alleged purpose of creating an environment easing development- to increase the tax base. In addition it will diminish our quality of life by overcrowding, destruction of natural areas, and strain on our fragile water resources.

We trust you will protect what is left of the Florida that brings both tourism and a desire for homeownership in our state.

Sincerely,

Laurence McNamara

Chairman, Citizens Come First PAC