Eminent Domain: A Cautionary Tale

An eminent domain story from the New Jersey coast illustrates the complexity of the controversial issue.

"Today...Long Branch [New Jersey] is on the brink of a rebirth. Young people with wads of disposable income are flocking to it; upscale businesses--trendy coffee shops and hip designer boutiques--are back. These victories are the fruits of 12 years of planning done by the mayor, city council, and a consortium of local businesses. It is a testament to the power of eminent domain, as blighted old neighborhoods were bought up and cleared to make way for the new developments. But, while Long Branch may look like a success story, it is actually a cautionary tale."

"In many ways, Long Branch is the perfect storm of the Kelo era: a misleading master plan, an unprecedented exception from state environmental regulation, shifting redevelopment zones, a developer jailed for corruption, a lawyer working both sides of the deal. New Jersey residents are particularly vulnerable to this kind of forced redevelopment."

Full Story: Razing New Jersey

Comments

Comments

Eminent Domain Compensation

I've read a lot of eminent domain news lately. I've never heard of anyone offering the person giving up his property the opportunity to own one of the new units (an even trade - with rental costs covered while new structure is constructed)or to calculate the just compensation reflecting the future value of the property which he's helping to create by agreeing to turn over his property. Have these things happened that anyone is aware of?

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