Los Angeles recently gave $5 million to a developer to build an office building in Hollywood to attract entertainment companies to leave Burbank and Glendale. No new jobs are created by such competition. No new houses sold. No new cars bought. People simply change their commuting route.
These games go on all the time with tens of millions of public dollars being given away without improving the regional economy.
There are some positive signs that officials are beginning to think and act regionally. The Valley Economic Alliance and the new San Fernando Valley Council of Governments are examples of cities starting to work together for mutual benefit.