Monday, May 20, 2013

Eminent Domain for No One's Gain: New London Groundbreaking Ceremony Postponed

In case you were wondering what’s happening in New London, Connecticut, proud home to the nation's most famous dump, the answer is still a whole lot of nothing. In 2005, the U.S. Supreme Court allowed New London officials to seize an entire neighborhood via eminent domain on the basis that the city had a "carefully considered" plan to boost economic development.
After the initial plan—a corporate campus with hotels, condos, and office space—fell apart, officials selected a new developer to build an apartment complex on a portion of the razed neighborhood, Fort Trumbull, in 2010. Yesterday, the developer missed a second deadline to show they had secured financing.

http://reason.com/blog/2013/05/18/eminent-domain-for-no-ones-gain-new-lond 

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