There are a variety of pros and cons specific to the building being built, of course. For the builder, making the building becomes more feasible and affordable. The government promotes economic growth and certain building regulations. At the same time, if those regulations are ineffective (depending on, perhaps, where the building is being built, the level of government (state, city, federal), and the type of building), then the government is investing itself further into such measures. The pattern in which a given government invests may itself be unfair, and foster resentment.
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