nc government: Eminent Domain: The Good, The Bad, The Ugly
- 05/14/10 08:28 AM
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 … (1 comments)
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 … (1 comments)
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