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Homes may be 'taken' for private projects
Submitted by:
Justin45guy
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"The Supreme Court on Thursday ruled that local governments may seize people’s homes and businesses — even against their will — for private economic development."
"It was a decision fraught with huge implications for a country with many areas, particularly the rapidly growing urban and suburban areas, facing countervailing pressures of development and property ownership rights."
"As a result, cities now have wide power to bulldoze residences for projects such as shopping malls and hotel complexes in order to generate tax revenue."
"The 5-4 ruling — assailed by dissenting Justice Sandra Day O’Connor as handing 'disproportionate influence and power' to the well-heeled — represented a defeat for some Connecticut residents." ... |
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