Sacramento Kings will pay $12 million for former Macy’s property under court settlement
“Clearing what had become a prolonged legal hurdle in the effort to construct a new sports arena in downtown Sacramento, an eminent domain case arguing the value of the former Macy’s men’s store at the…
The Redevelopment Racket
“The justifications that governments give for subsidizing private developments are often dubious, but this was particularly so for a recent New Jersey deal. This summer, the state granted $82 million in tax credits to the…
State Gives Occupants 90 Days to Leave Atlantic Yards Building, Tenant Says
“A Brooklyn Supreme Court judge approved an order Thursday to transfer ownership of seven properties in the footprint of the Atlantic Yards development site to the state — as one of the seized buildings warned…
State gets approval to seize Atlantic Yard sites
“StorageMart, which operates a storage facility at one of the properties, announced on its blog that the state has given tenants 90 days to empty their units. An attorney for the ESDC told DNAinfo that…
RealClear Radio Hour – Eminent Domain: Despotic Power for the Public Good?
“Institute for Justice Senior Attorney Bob McNamara describes one of the most astonishing eminent domain abuses in recent years, his case in Atlantic City, Casino Reinvestment Development Authority vs. Charlie Birnbaum. Despite the multi-billion dollar…
Eminent Domain—Despotic Power for the Public Good?
“Institute for Justice Senior Attorney Bob McNamara describes one of the most astonishing eminent domain abuses in recent years, his case in Atlantic City, Casino Reinvestment Development Authority vs. Charlie Birnbaum. Despite the multi-billion dollar…
Colorado Springs, other cities work on financing projects
“The three cities that won state sales tax incentives for quasi-public projects since lawmakers created the Regional Tourism Act in 2009 are still working on financing so construction can get underway. The Regional Tourism Act…