Ahhh - King Larry's ambitious plans.

I guess he needs to work fast to get ready for the 2012 Olympics. LOL
Seriously, I don't think the City should be undertaking it either. From my sources at Thompson Tractor the City has leased several track-hoes and track loaders for the job. The City also purchased 6 Bobcat T320 high-flows with mulcher heads to tackle overgrown lots. I really don't have a problem with them buying the Bobcats but the demo is another story.
City crews are hardly ever as efficient as private crews but when the City owns 2 landfills, they are not paying regular tonnage/CY gate rates. I see the City completing a couple 100 house demos before they realize that the project is costing more than $2700 per house. I expect to see the remainder of the houses go up for bid, but with the way politics are downtown, it's not worth going to jail over.