The developer is paying market value for the property.
Eminent domain is often used to acquire property for public improvements.
In the long run, every one benefits.
The value is what the owner decides it should be. If a family has a little cabin by a lake that they love, how do they benefit to lose it at a price they didn’t want?
It is not about who benefits. Hello? It is about who bought it first and owns it currently. Do you really want to own your property only as long as someone else can’t prove that they would make more profit from it? What if you applied that to property that was not real estate? How about art? Hey, if we force collectors to sell their valuable art every so often then the value of the art will go up and the state can tax everybody on their profits. Maybe we can also manipulate stock ownership for the benefit of the state. Or business ownership beyond just real estate.
Just because it is real estate does not make it okay.
I don’t care what you think my property is worth. IT IS MY PROPERTY. You have no right to take my property. How do people on this website not get this. Trump lemmings.
Trump would do it for a casino. I don't believe the government gets to say "everyone benefits," by a business opening its doors.
We have property rights in this country. This is a BASIC freedom issue. There had better be a *#@$ good reason for using eminent domain. It's a last resort.
That’s a lie. No developer utilizing eminent domain pays the market price. Quite the contrary, else why would he use force?
Your attitude about this subject was rather different back in 2005.
And here we thought the Left stood up for the Little Guy. It turns out they stand up for Big Corporations and Big Government. So much for private propety rights indeed.
(Denny Crane: “Sometimes you can only look for answers from God and failing that... and Fox News”.)
45 posted on June 24, 2005 at 7:06:46 AM EDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
Why the change???
Eminent domain is often used to acquire property for public improvements.
except since kelo, it is now used to force a sale of property from one person and transfer ownership to another person. There is no law in our country that allows for that. just corrupt government.
Eminent domain for public roads, bridges, etc., is part of t he cost of citizenship.
Eminent domain for private developers to enhance their casinos is legalized theft at the point of the government’s gun.
The first is admitted by real conservatives as a necessary evil.
The second is endorsed by tyrants and would-be dictators.