Tuesday, November 10, 2009

The fruits of Kelo

Pfizer abandons site of infamous Kelo eminent domain taking

The private homes that New London, Conn., took away from Suzette Kelo and her neighbors have been torn down. Their former site is a wasteland of fields of weeds, a monument to the power of eminent domain.

But now Pfizer, the drug company whose neighboring research facility had been the original cause of the homes' seizure, has just announced that it is closing up shop in New London

Bruce Ratner Finally Admits It: "This isn't a public project"
Last month, New York’s highest court heard oral arguments in Goldstein v. New York State Urban Development Corporation, which centered on the state’s controversial use of eminent domain on behalf of real estate tycoon Bruce Ratner, who wants to build a basketball stadium, a hotel, and some office and apartment towers in central Brooklyn. As I’ve previously argued, it’s a blatant case of eminent domain abuse .

And as it turns out, Bruce Ratner himself agrees with that judgement. In a
startling interview with Crain’s New York Business , Ratner finally admitted what his critics have maintained all along: “This isn’t a public project.”

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