Kelo...

Kelo...
Tweet Topic Started: Sep 16 2015, 06:58 AM (96 Views)
LTC8K6	Sep 16 2015, 06:58 AM Post #1
Assistant to The Devil Himself Posts: 28,896 Group: Tier1 Member #15 Joined: Apr 28, 2008	It has come back up again in Connecticut. They are going to take private property to build non-public projects. Trump absolutely loves the Kelo ruling... ******** Connecticut Homeowners Fight to Prevent City From Taking Their Homes for Redevelopment http://dailysignal.com/2015/09/16/connecticut-homeowners-fight-to-prevent-city-from-taking-their-homes-for-redevelopment/ Quote: In January, Rodriguez learned that the city and two developers were interested in her property, along with other homes and businesses along First Avenue, after a surveyor knocked on Rodriguez’s door and asked to take measurements of her property. The city, Rodriguez later found out, was working with a developer to build a $200-million, 425,000-square-foot waterfront project called The Haven, a high-end mall that includes 100 outlet stores and six restaurants. Edited by LTC8K6**, Sep 16 2015, 11:31 AM.



kbp	Sep 16 2015, 07:44 AM Post #2
Posts: 52,053 Group: Tier1 Member #20 Joined: Apr 28, 2008	Were I Rodriguez, I'd seriously consider soil and groundwater contamination! As for eminent domain... SCOTUS ruled Kelo was “public use,” an issue states could restrict how it is used. Kelo was a prime example of how it could be abused. Trump agreed with the ruling: “I happen to agree with it 100 percent, not that I would want to use it." I have not seen where he used it, but did see a blog claiming Trump tried/threatened to use it once when a single homeowner held out on selling to him. On the local status, we're seeing the governing body offering 125% of appraised value in an effort to prevent the appearance of abuse (not any for private development that I am aware of). It's not 100% clear what Trump thinks of takings other than he agrees on how the law as written is to be interpreted. .



LTC8K6	Sep 16 2015, 11:30 AM Post #3
Assistant to The Devil Himself Posts: 28,896 Group: Tier1 Member #15 Joined: Apr 28, 2008	https://en.wikipedia.org/wiki/Vera_Coking There was also an attempt in Bridgeport CT. http://www.nationalreview.com/article/265171/donald-trump-and-eminent-domain-robert-verbruggen



kbp	Sep 16 2015, 06:20 PM Post #4
Posts: 52,053 Group: Tier1 Member #20 Joined: Apr 28, 2008	He has admitted he plays by the laws and rules in place, though he may not agree with them. He admitted he agrees how the eminent domain law is to be interpreted, and he may like it. I can't say for sure, but my guess is when he offers $1 million for aa property appraised at about $250,000, he's not trying to steal the property.



LTC8K6	Sep 16 2015, 06:51 PM Post #5
Assistant to The Devil Himself Posts: 28,896 Group: Tier1 Member #15 Joined: Apr 28, 2008	He offered $1M because he expected to make $10M off of the property. If you expect to make 10X your offer or even more, that's crooked. That means the property is not worth $1M, but a lot more. Actually, these deals he tried all fell apart, so he couldn't even do eminent domain successfully. I actually think that while Trump has a lot of money, he's not very smart. He may be the only candidate with any chance, though. Edited by LTC8K6, Sep 16 2015, 07:10 PM.



kbp	Sep 16 2015, 07:22 PM Post #6
Posts: 52,053 Group: Tier1 Member #20 Joined: Apr 28, 2008	LTC8K6 Sep 16 2015, 11:30 AM https://en.wikipedia.org/wiki/Vera_Coking Quote: ...Coking moved out in 2010 and to a retirement home in the San Francisco Bay Area near her grandson, Ed Casey. Since then Casey has tried to sell the house; putting it on the market in 2011 with an asking price of $5 million.[1][7] As of September 2013 the price was reduced to $995,000.00 [8] The property did not sell as Atlantic City continued to suffer the lingering effects of the financial crisis of 2007–08 and over-building during the boom that preceded it. Coking's property was sold for $530,000 in an auction on July 31, 2014.[9] The reserve price was $199,000, If $10m was a sure thing, why did it sell for less? Development is not a sure thing, the person funding it is the one taking the risk ...seeking a gain. That I agree with.



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