Mississippi Eminent Domain Gone Bad

In an effort to attract a new Nissan factory, Mississippi severely abused its eminent domain powers.
January 7, 2002, 6am PST | Chris Steins | @urbaninsight
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"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."

Thanks to Chris Steins

Full Story:
Published on Sunday, January 6, 2002 in Wall St. Journal
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