Interesting debate in the comments below the story. I obviously side with those who think the city has no right to force anyone to sell their property, let alone sell it for a price they so chose to pay.
We will be reading stories about eminent domain for years to come, and I fe3ar we the people will continue to take it in the shorts in the long run.
Thanks to Anthony Kennedy, this can only be fixed by a future court that hopefully leans more conservative than the one we have had for the last 80 years.
I don’t know how RDA’s work in VA, but here in California ( until just recently when Jerry the Fairy closed down all the state’s RDA’s) when an RDA “takes” some property, they get to keep the RE taxes until their borrowings are paid off. So the local property taxpayers have to foot the bill created when the RDA acquired property is taken off the tax rolls. The other part of it is just as was pointed out in this article, the word “redevelopment” has become BS. RDA’s were supposed to take “blighted” properties and make them productive. But where I live there is no such thing as a “blighted” piece of real estate. Usually, the town councilor’s or their “buddies” have the inside track on these deals and it’s all about them making a bunch of money at the expense of the residents. Personally, although I hate our state government with a passion, I am glad to see the RDA’s gone.