Mississippi Eminent Domain Gone Bad
7 January 2002 - 6:00am
In an effort to attract a new Nissan factory, Mississippi severely abused its eminent domain powers.
"In 2000, Mississippi went hog wild in outbidding neighboring states for the Nissan factory by offering a fat package of close to $300 million in subsidies and tax breaks. The deal included $80 million from the state to train Nissan's new workers. Also included was a pledge to "quick-take" the property of three families and give it to Nissan so it could build a parking lot and access road for the factory."
Full Story:
Mississippi Churning
Source:
Wall St. Journal, January 6, 2002
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