"...one local building contractor said he thinks the owner is trying to 'block bust' the area by letting the area get run down to the point where nearby properties can be purchased cheaply. 'Why on earth would you let someplace like that to run down like that unless you wanted to block bust?' said Raymond Graham, who said the city should expropriate the properties." Source)
I agree with Rorschach on the creativity question. And while we can justly villify Kramer, it takes two to tango. For years, her dancing partner has been the City.