Wednesday, August 17, 2005
You Thought The Kelo Outcome Couldn’t Be Worse?
Via Charles, New London has taken theft to a new low in the aftermath of the absurd Kelo case outcome.
What a disincentive to fight a taking, if this stands! You can fight it and take them to court, but if you do, the value you get is frozen as of the date they originally tried to steal your property, and you owe them rent. When it falls out in their favor, they get the property for even more below the market value, and subtract rent at market value.
Not acceptable. I hope they go to court all over again with this bit of idiocy. The possibility that a taking will be contested and the market value of the property will increase during that time is the price the private developer government pays for our freedom to contest their right to do the particular taking, or to do it for the particular price.
Read the whole article. It’s most enlightening, in a disheartening sort of way.
Kelo-related posts:
Will The Supremes And Bad Lawyering Perpetrate A Constitutional Travesty?
United States Constitution, 1788 - 2005: Promise Unkept
Bad Precedent
Additional Kelo Fallout Thoughts
Will the Money Be Followed?
Kelo and Raich: The Root of the Supreme Court Problem?
Olek V. New London Case
Kelo and "Fair" Value
Boycotting Can Be Hard
Becker and Posner on Kelo and Eminent Domain
Kelo, IOLTA and Drugs - Oh My
Sama on Kelo, Disney, and Boston's West End Tragedy
Was Kelo The Lost Battle That Won The War?
You Thought The Kelo Outcome Couldn't Be Worse?