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Land grabs for private development happen about 2,000 times a year in USA
Don't misunderstand me. I'm not absolutist in my belief that takings for economic development should be legally impossible. I just think they're being made too easy. |
It strengthens the hand of developers against homeowners. To be honest, I'm not worried about the publicly conscious developers like big corporations that want to invest 300 million and revitalize an area. It's the petty despots that aren't very good at either economic development or community politics who will abuse this law, and it'll make for a meaner form of capitalism in the USA than most people have yet seen.
(Strangely enough, while the court pretends that jobs are so important, continued low interest rates make construction trades a blue collar paradise. It's like a rust-bowl decision at a time when nail guns and circular saws are the music of most downtown areas.)
"From 1998 through 2002, more than 10,000 properties in 41 states have faced condemnation, or the threat of it, to hand the land to private developers. And that is just the tip of the iceberg, as many if not most, condemnations are never reported in public sources.
"A black, middle-class neighborhood in Atlantic City leveled for a tunnel to a casino that was never built; four elderly siblings in Bristol, Conn., ousted for an industrial park; and a neighborhood in Lakewood, Ohio, declared “blighted” because the homes lack two-car attached garages are among the hundreds of examples the report details."