You want to let rich outsiders make decisions about what happens to a community instead of the people who live there, because... town hearings are undemocratic. All those annoying old people are just going to die anyway, so it's really best to ignore them.
I think I've heard everything now.
All these old people are going to die now so their incentives don’t really align with people from other demographics. This is factually true, same with how people that have more wealth generally have different incentives than poor people.
The casual ageism in this thread is disappointing. I hope you live long enough to see it from the other side.