New York is perhaps the worst state in the nation when it comes to eminent domain abuse. Government jurisdictions and agencies statewide have condemned or threatened to condemn homes and small businesses for the New York Stock Exchange, The New York Times, IKEA and Costco.
Since the U.S. Supreme Court’s now-infamous decision in Kelo v. New London, 44 states have passed new laws aimed at curbing the abuse of eminent domain for private use.
Cities and developers tend to overhype the benefits of private development projects that use eminent domain. But many of these projects are failures.
The report debunks several of the most prevalent myths about eminent domain for private gain.