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August 16, 2008

Should New York City reform eminent domain?

Crain's

City Council member Hiram Monserrate on Thursday proposed to reform the city's eminent domain law by requiring developers to issue a financial impact report on any city project that calls for use of eminent domain. Reports would have to explain the development's estimated costs and benefits, disclose expected tax revenues from the project, and outline expected assistance from loans, grants, and tax benefits.

Would the legislation improve eminent domain?

link

Posted by amy at August 16, 2008 3:43 PM