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July 1, 2005
Lawmakers Introduce Bills To Protect Private Property After Court Ruling
NY Sun
by Jesse J. Holland, AP
In a legislative backlash to the US Supreme Court's eminent domain ruling in the case of Kelo v. New London, members of the US House of Representatives are seeking to pass legislation that would prohibit the federal government to seize land for private development and to curb the use of federal funds and grants for development of property seized by state and local goverments for private development purposes.
NoLandGrab: Passage of legislation blocking the use of federal funds for projects using eminent domain for economic revitalization purposes could have bearing on Bruce Ratner's Nets arena complex since Forest City Ratner will have to apply for federal housing grants and subsidies for the construction of affordable housing.
Posted by lumi at July 1, 2005 7:02 AM