Wednesday, November 11, 2009

How is that Pfizer Deal Working out, New London?

The City of New London (CT) and the U.S. Supreme Court stole Susan Kelo's home, and the Tax Foundation blog has a great post providing us with an update:
The Court accepted the argument of the City of New London, Connecticut, that transferring the property from the current homeowners to private developers would increase the number of jobs in New London and increase the tax revenues available to the city. This, in the Court's mind, was enough to satisfy the "Public Use" requirement of the Takings Clause.

[...]

Well, how much tax revenue is it generating now? Zero. The developers have changed their minds and have no plan to develop the land, as Business Insider explains, alongside a picture of the vacant lot where only feral cats now live.
I recommend the whole post, which also mentions that Justice Souter, who cast the decisive vote for the majority, became the target of a Kelo-style eminent domain attempted seizure for something called the "Lost Liberty Hotel."

302 comments:

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Mike Bates said...

I can't believe that we the consumer have less power than most government or even major cooperation's do over how we spend out money and what they can do to take our money it's just ridiculous and something should be done about the situation.

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electronic signature said...

As you stated that How is that Pfizer Deal Working out, New London?The Court accepted the argument of the City of New London, Connecticut, that transferring the property from the current homeowners to private developers would increase the number of jobs in New London and increase the tax revenues available to the city. The developers have changed their minds and have no plan to develop the land, as Business Insider explains, alongside a picture of the vacant lot where only feral cats now live.Good

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