Eminent domain: A big-box bonanza?

[MugenOne]

**Court’s ruling OKed land grab for business like Target, Home Depot, CostCo, Bed Bath & Beyond
**June 23, 2005: 4:59 PM EDT
By *Parija Bhatnagar*, CNN/Money staff writer
**NEW YORK (CNN/Money) - The Supreme Court may have just delivered an early Christmas gift to the nation’s biggest retailers by its ruling Thursday allowing governments to take private land for business development.

money.cnn.com/2005/06/23/news/fortune500/retail_eminentdomain/index.htm

 

[David_Paul]

Possible. I see more of a cartel emerging among laweyrs, developers and politcians (with perhaps a few “activists” tossed in to provide cover). Similiar to the 60s and 70s when redevelopment ruined inner cities from coast to coast.

Much more lucrative to get a multi-use complex than one big store. Especially if the politicians are on the take–which this ruling invites them all to be. Easier to hide bribes in condos, movies theatres, pizza stores, industrial parks etc then in Walmart.