Posted on 10/24/2013 8:06:57 AM PDT by Rusty0604
They do, but if you are making money off of that property every year you are SOL on that future income.
If you make income off that property for 10 years then sell the property for fair market value, you get both.
In other words they are simply taking it because they want it. I sure hope this doesn’t hold up in court.
40 or 50 years ago, Richmond, Va. did the same thing to the owner of a bridge. The owner charged at toll. So the first thing the govt did was double the toll.
What this really means is that there is no private property. It’s an illusion. We only think that we own something, because we have to pay taxes on it, buy insurance, maintain it, and take the financial responsibility for it.
But it’s not really ours. It belongs to the collectivity, and the USA is already 60% communist.
San Francisco
Yes, it is vacant. They took that property away for a private business that ended up not doing anything with it.
I have a little dilemma of my own going on here in Whatcom County. We are in the midst of a county council election which could settle the question of the approval of the coal terminal at Cherry Point.
The Republicans, who now dominate the council, are at risk of losing every seat because they have chosen to support the terminal. They rammed through the approval without allowing any discussions of the negative impacts of the terminal on residents near the terminal or along the tracks. They didn’t allow one word to be spoken against the project. Part of the problem is that the Whatcom County Republicans (and some of our state Rs, also) are too beholden to the unions, foolishly believing that if they support union issues, the unions will support Republicans.
So, as the Republicans in Whatcom county are on the verge of losing every single seat in Whatcom County, they have decided to try to bring water issues to the forefront at the last minute, claiming, and rightfully so, that Democrats plan to limit water rights in the rural areas of the county and that voters are foolish to put so much emphasis on the coal terminal.
The problem is that the Republicans support a huge daily allocation of water to the coal terminal, ahead of the water needs of the rural farmers and residents.
Who do you trust? I don’t want a coal terminal in my back yard, with huge open coal piles and no effort to control the fugitive coal dust.
I hate Frisco, and have to go there often, but I have never seen anyone there just stand at the curb and pull it out and urinate.
Unions buying politicians never works out. But where they have a lot of power politicians can barely get elected without their support.
I always thought the property owner ,at least,had to be compensated fair market value....Good Lord man. Stop thinking!!
Your post makes no sense to me. Please elaborate.
You THOUGHT property owners had to be compensated for fair market value. We are now in the Marxist, wealth redistribution era. Please stop thinking. We have no rationality, anymore. We are under the power of Valerie Jarret.
Uhhhh...speak,or think for yourself. I will not “do Nothing.”
The Republicans in Whatcom County are about to lose every single seat in the county government that are up for reelection, all because they tied themselves to an Obama backed union project.
You have never been to San Francisco I take it.
Too many times!
I try not to go there.
But Frisco is a moral giant compared to Seattle.
“I always thought the property owner ,at least,had to be compensated fair market value. “
Fair market value depends on the zoning. The government authorities control the zoning, they control the eminent domain.
A developer hops into bed with government, shows how the one level lot only generates x income, and y property tax. He explains how government takes it from the owner, rezones it for a 10 story parking structure, raises the value and the property taxes, and of course skims some corruption money for all concerned.
In my town of about 200,000 there are several higher density projects. Combos of retail and residential.
This zoning combo has long been a wet dream for the city planners; property taxes from residential and sales tax from retail.
All aimed first at government retiree pensions.
If you asked resident voters if they wanted higher density, they’d say “no, leave it as it is.” So they don’t ask voters, plain and simple.
Most voters are too busy to consider that government is busy full time, on their dime, plotting more and more revenue to government, or their retirements.
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