States and eminent domain: limiting public use, increasing compensation.(GOVERNMENT SPOTLIGHT)

From: Valuation Insights & Perspectives | Date: September 22, 2005| Author: Morton, Justin | Copyright information

IN ITS JUNE 2005 RULING IN THE LANDMARK EMINENT DOMAIN CASE, KELO V. CITY OF NEW LONDON, the U.S. Supreme Court ruled, 5-4, that governments had the power to take private property for private development as long as the development was economically beneficial to the local government.

However, in handing down its decision, the court asserted that state governments could limit how localities use eminent domain. Specifically, the court said states could narrow the definition...

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States and eminent domain: limiting public use, increasing compensation.(GOVERNMENT SPOTLIGHT)
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