>under the control of the commissions, councils, boards, etc

Let me save you some words.

Next time just call them "the local real estate developer slime balls" because that's who makes up the vase majority of these organizations. Like maybe a particularly upstanding town might have a local banker or lawyer on one of the boards or something.

These are not democratic institutions. They are business groups that happen to be part of government.

These organizations are already in the pocket of business interests. If anything this change is destabilizing because it now means that the PE owned car-wash and the company that owns a bunch of chain franchise businesses in the town as well as every local business that owns land or the landlords thereof but is owned by people who live in the surrounding towns can push back and say "screw you, we're not all willing to bend over and take it so you can make another buck developing another street of McMansions".

Letting megacorps vote is probably bad. But I think we should see where this goes. There's a lot of "enemy of my enemy" potential here for the currently disenfrachinsed business interests to push back on the business interests that are in bed with government to the benifit of the people. Enemy of my enemy is my ally and all that.