Kelo Update

This is really sad, but not surprising.

In June, 2005, the Supreme Court infamously decided that cities could condemn peoples’ land to give to private developers provided the government had written an economic development plan for the project. In response to arguments that many previous such plans had failed, the Supreme Court merely said that “we decline to second-guess the City’s considered judgments about the efficacy of its development plan.”

A decision that was roundly criticized by economists.  How'd it work out?

Three years after the decision, no one had to second-guess the city’s judgments. Instead, it was clear that they were wrong. The homes of Susette Kelo and her neighbors have all been torn down or removed. But, except for the remodeling of one government building into another government building, virtually no new development had taken place in the Fort Trumbull district by May, 2008.

Some people continue to believe that government is the savior, the one that, if only we could get the right people in, would set things straight.

Via Warren Meyer

Comments

[EclectEcon]

Maybe Suzette Kelo's spell was effective?

http://www.eclectecon.net/2007/01/susette-kelo-ti.html