Do you remember the case? The case where the SCOTUS ruled that a town could take your private property from you because something that would bring in higher property taxes wanted your land to build. Well, 9 years later what is it? A vacant plot of land.
More than 40 state legislatures would later pass laws banning or restricting the use of eminent domain for economic rejuvenation, particularly if homeowners would be displaced. And at least seven states amended their constitutions to ban the use of eminent domain for economic development, with some state courts explicitly rejecting the Kelo ruling as precedent, The Weekly Standard reports.
Pfizer, Inc. was one of the big prizes that they'd hoped to lure, with not only the land but an 80-percent, 10-year property-tax abatement for a $300 million research facility​—​an expansion of the company’s research operations in Groton, Connecticut, across the Thames. Didn't work.
Do you remember the case? The case where the SCOTUS ruled that a town could take your private property from you because something that would bring in higher property taxes wanted your land to build. Well, 9 years later what is it? A vacant plot of land.
More than 40 state legislatures would later pass laws banning or restricting the use of eminent domain for economic rejuvenation, particularly if homeowners would be displaced. And at least seven states amended their constitutions to ban the use of eminent domain for economic development, with some state courts explicitly rejecting the Kelo ruling as precedent, The Weekly Standard reports.
Pfizer, Inc. was one of the big prizes that they'd hoped to lure, with not only the land but an 80-percent, 10-year property-tax abatement for a $300 million research facility​—​an expansion of the company’s research operations in Groton, Connecticut, across the Thames. Didn't work.
http://www.weeklystandard.com/articles/kelo-revisited_776021.html