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MrRodgers -> RE: Eminent Domain for private profit (7/14/2014 2:54:19 PM)
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quote:
ORIGINAL: smileforme50 I don't know if any of you remember this story in the news almost 10 years ago..... (this is quoted from Wikipedia...my emphasis added) On February 22, 2005, the United States Supreme Court, in a 5-4 vote, decided in Kelo v. City of New London, that the city may seize privately owned real property under eminent domain so that it could be used for private economic development, deciding the tax revenue from the private development satisfied the requirement for public interest for eminent domain. The case was centered around pharmaceutical company Pfizer's efforts to construct a mixed-use complex that included a condominium, hotel, conference center, health club and stores on the site of private homes in New London's Fort Trumbull neighborhood, in conjunction with a research facility Pfizer was building nearby.Local homeowners including Susette Kelo challenged this development proposal on the grounds that their properties were being seized for private, rather than public, use, which was inconsistent with the Fifth Amendment of the U.S. Constitution's Bill of Rights: "...nor shall private property be taken for public use, without just compensation." In spite of the city's legal victory, the project never got off the ground. The city's chosen redeveloper was not able to get financing for the project. Even though the city expended over eighty million dollars acquiring and demolishing homes, the area where the taken homes once stood is now vacant. In November, 2009, Pfizer announced that they instead were closing their facility adjacent to the site and moving those operations across the Thames River to their site in Groton. The New London campus was sold to General Dynamics in 2010. So actually....this isn't all that surprising..... Yea, we know and it's been sited here quite a bit. The SCOTUS also said at one time that certain humans were property and the courageous said...not any longer. Now [they] say money (property) is speech and corporations are people. We bitch and moan and groan but the trouble is, Americans are now...constitutional pussies.
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