Court Rules Against Taking Homes For Economic Development

28 July 2006 - 1:00pm

The Ohio Supreme Court has sided with homeowners in the latest case over property rights.

"Ohio Supreme Court ruled unanimously that economic development isn't a sufficient reason under the state constitution to justify taking homes, putting a halt to a $125 million project of offices, shops and restaurants in a Cincinnati suburb that officials said would create jobs and add tax revenue.

The case was the first challenge of property rights laws to reach a state high court since the U.S. Supreme Court last summer allowed municipalities to seize homes for use by a private developer."

Source: MSN Money, July 26, 2006