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January 26, 2006
ED in the news
Some interesting news for property rights advocates:
The NY Times, Humble Church Is at Center of Debate on Eminent Domain
By Ralph Blumenthal
Property rights activists have been warning that economic redevelopment as a "public use" is a slippery slope, because nearly everything generates more tax revenue than a church:
In what a local newspaper called "a battle between God Almighty and the almighty dollar," Sand Springs is moving ahead with a redevelopment plan to clear the church and other occupants from the rundown district near downtown to make way for superstores like the Home Depot.
Market Watch, BB&T won't lend to eminent-domain developers
The private sector reacts to the backlash against the US Supreme Court's Kelo decision:
BB&T Corp. said Wednesday that it would not lend to developers that plan to build on land seized under eminent domain, calling such projects "plain wrong."
Boston Globe, EDC board discontinues eminent domain to seize private land
The Rhode Island Economic Development Corporation voted to reject the use of eminent domain for private developments:
"We're trying to send a clear message that when it's owner-occupied we're respecting those rights," said [Governor Don] Carcieri, who's chairman of the EDC.
Posted by lumi at January 26, 2006 6:42 AM