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Eminent Domain: The Good, The Bad, The Ugly
The following article by Carolina Journal contributor Karen Walsh discusses an issue that shows that government in it's misguided effort to provide for the "common good" of the public has unintended consequences. Though the intent of the law was to take abandoned or blighted property and repurpose it for the public's use, several city governments (backed or influenced by commercial development organizations) have used the law to acquire prime property from owners who refuse to sell to said organizations. Most times, the property once acquired and rezoned was resold or leased to development companies at a discount; they in turn, after the commercial site is developed, either sold or leased the spaces for a large profit. IMO this is another example of government bowing to special interests. Realtor magazine has published several articles on this subject. Here is the article in its entirety; please read and make your own conclusions.
Now that you have read the above article, what is your opinion; has the government abused its right in the interest of special interests or is it indeed for the common good of its citizens?
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