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On Thu, 23 Jun 2005 16:30:20 GMT, "NOYB" wrote:
Homes may be 'taken' for private projects Justices: Local governments can give OK if it's for public good The Associated Press Updated: 12:23 p.m. ET June 23, 2005 WASHINGTON - The Supreme Court on Thursday ruled that local governments may seize people's homes and businesses - even against their will - for private economic development. It was a decision fraught with huge implications for a country with many areas, particularly the rapidly growing urban and suburban areas, facing countervailing pressures of development and property ownership rights. As a result, cities now have wide power to bulldoze residences for projects such as shopping malls and hotel complexes in order to generate tax revenue. The interesting thing about this case is that ANY town, city or state can now take your property and assign any value they wish to the property - everybody seems to have missed that little clause in the decision. The case in New London is not only about individual property rights, but also included is the value assigned to the property. Implicit in the ruling is that if you want, and the market demands, that your property is worth $100,000, the city can take it for $70000 and you can't do anything about it. Even more interesting is that the New London City Council is largely Democrat, the region votes Democrat (with one notable exception). And consider this - the "city" can take over other business properties for "improvement" which is going to create all sorts of interesting problems. The people have to wake up and understand that this constant legislating from the bench had got to stop. |
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