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Tuesday, May 10, 2005 |
Arresting Thieves In Jerseys
Too much good stuff out there for one post, but I wanted to pass along this one briefly -- Reason, Matt Welch's nominal clubhouse, has a great piece by Daniel McGraw explaining why 2005 may be the last year we'll hear owners grousing about needing new stadiums, ever. Why?
- Kelo v. New London, which the Supreme Court is scheduled to hear by this summer, "could decide once and for all when or even whether governments have the right to use eminent domain to acquire private property for the benefit of private businesses."
- Hamilton County v. Cincinnati Bengals Inc., in federal court, "is challenging football’s federal anti-trust exemption, forcing all NFL teams to open their closely guarded books, and arguing that the Bengals’ demand of build-it-or-we-can’t-compete is tantamount to fraud."
A handful of property owners could hold up an entire complicated deal. “If the court makes the ruling that this is not a valid use of eminent domain, there will be some problems,” says Scott Powe, a law professor at the University of Texas. “Huge problems. No doubt, there will be lots of litigating.”I hate, hate, hate publicly-funded fiascoes, especially those which crush the little guy's property rights in favor of the big guy.
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