Minutes after finishing my post on Kelo v. City of New London, James Taranto's Best of the Web provided this bit:
"After celebrating the Supreme Court's decision yesterday to effectively give local governments carte blanche to seize land for private development, some local officials began quickly moving to use their new unlimited authority. Officials in the beachfront town of Freeport, Texas, announced they would move forward with plans to commandeer property owned by two seafood companies in order to allow the construction of a 900-slip private marina. Freeport will even be loaning the developers $6 million to finance the project, and if it fails the town won't be getting its money back. What is certain is that the displacement of the two seafood companies will cost scores of jobs."
(Sometimes I think that instead of taking the trouble to actually blog, I should just post a daily link to Taranto. He can make the rest of us bloggers feel so inadequate.)
Make your Investment wisely
1 month ago
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