If a fat cat want's you land...

[Edward Teach]

This isn't new, it has been happening for a long time now. The following is from the linked article:

"...The Institute for Justice carried out a survey between 1998 and 2002 and found that 10,000 properties throughout the United States had been seized or had been threatened with eminent domain to make available for private development. But Berliner, who conducted the study for the Institute for Justice, believes that because so many cases go unreported, the number is much larger."

http://www.sfgate.com/cgi-bin/article.cgi?file=/gate/archive/2005/02/25/carollloyd.DTL

Ed

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[Guest]

This isn't new, it has been happening for a long time now. The following is from the linked article:

"...The Institute for Justice carried out a survey between 1998 and 2002 and found that 10,000 properties throughout the United States had been seized or had been threatened with eminent domain to make available for private development. But Berliner, who conducted the study for the Institute for Justice, believes that because so many cases go unreported, the number is much larger."

http://www.sfgate.com/cgi-bin/article.cgi?file=/gate/archive/2005/02/25/carollloyd.DTL

Ed

.

It's actually been going on since the early 80s and seems to be a common practice for WalMart.

 

[R. Richard]

Damn it.

This was very disappointing. I have not heard any opinions from anyone in support of this.


I hope this is revisited soon.

I am not angry as in raise my fist, but I really am not ....

aw fuck

I do not support the concept, however it sometimes works and works well. A neighborhood is wiped out and a big store/mall goes up. The properties taken under eminent domain are paid for at "prevailing rates." Howefer, the people whose properties are taken are never satisifed.

Suddenly a small town or area of a city that did not have a lot of jobs suddenly has a bunch of new jobs, first for construction, then for staffing of the new store(s). Wages in the area go up as does the employment rate. The "little guys" often make the biggest percentage gains. Of course, the "big guys" always make out.

The problem here is that an unethical redevelopment agency can skim off most of the profits for insiders and leave little for others. Not all redevelopment agencies are ethical.

Also, people, particularly old people, may have lived in the area all their lives and it is difficult to move to somewhere else and start over again, even though they have the buy out money.

The issue is not simple.

 

[cloudy]

It's actually been going on since the early 80s and seems to be a common practice for WalMart.

Been going on a whole lot longer than that.

I think it's appalling, but at least these people are getting paid something.