NOYB wrote:
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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.

Yep, and it's horrendous. I guess there goes Naples Village by the Ritz
Carlton.

What is Naples Village?

An area of older homes adjacent to the Ritz Carlton.

The homes immediately adjacent to the Ritz Carlton start at about 5 million.
The ones just down the road a half mile from there are part of a community
called Beach Walk. Those homes sell for half a million and up. The other
two areas around the Ritz are Vanderbilt Beach and Naples Park. Vanderbilt
starts at about one and quarter million. Naples Park runs in the high
$400's and up. Of course, there are condos that run anywhere from a half
millon in Vanderbilt on the bayside, to $15 million for the ones right next
to the Ritz.


But there's no "Naples Village".

It would be Naples Park, then. And if you'd buy one of those houses
there for $400k and up, good luck....

wrote in message
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NOYB wrote:
wrote in message
oups.com...


NOYB wrote:
wrote in message
oups.com...


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.

Yep, and it's horrendous. I guess there goes Naples Village by the
Ritz
Carlton.

What is Naples Village?

An area of older homes adjacent to the Ritz Carlton.

The homes immediately adjacent to the Ritz Carlton start at about 5
million.
The ones just down the road a half mile from there are part of a
community
called Beach Walk. Those homes sell for half a million and up. The other
two areas around the Ritz are Vanderbilt Beach and Naples Park.
Vanderbilt
starts at about one and quarter million. Naples Park runs in the high
$400's and up. Of course, there are condos that run anywhere from a half
millon in Vanderbilt on the bayside, to $15 million for the ones right
next
to the Ritz.


But there's no "Naples Village".

It would be Naples Park, then. And if you'd buy one of those houses
there for $400k and up, good luck....


Here's a nice one in Naples Park:
http://209.215.175.77/templates/deta...205062651&ty=1
$539,000 for all 1400 sq ft. of it.

Or perhaps you'd like this Naples Park home:
http://209.215.175.77/templates/deta...205065266&ty=1
$2,650,000


I guess I exaggerated a bit on the $400k minimum. Here's one just a few
hundred feet from US 41. It's only $344,900...and that buys you a 910 sq ft
home built in 1965.