The Supreme Court on Thursday ruled that local governments may seize people’s homes and businesses — even against their will — for private economic development.It was a decision fraught with huge implications for a country with many areas, particularly the rapidly growing urban and suburban areas, facing countervailing pressures of development and property ownership rights.
The 5-4 ruling represented a defeat for some Connecticut residents whose homes are slated for destruction to make room for an office complex. They argued that cities have no right to take their land except for projects with a clear public use, such as roads or schools, or to revitalize blighted areas.
Source: CNN
Corporate America strikes back. Comments superfluous. The article speaks for itself. And don’t for a minute think that this will be contained to the US.
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