Is eminent domain necessary for economic development and/or success?

Answer 1

No. Eminent domain should reserved for what it was intended for...public works for the public good....like highways, schools, etc. Economic development is something that the private sector should handle. If your city wants to rehabilitate a brownfield or something like that, then tax subsidies/abatements or some other incentive can be offered...but let the market decide which properties are best suited for development.

Answer 2

Eminent Domain is a necessary and valuable tool for economic development. When and if it should be used depends on a host of elements. In areas that are depressed, have significant underutilized commercial areas, or have brownfields issues, eminent domain can be a valuable and powerful tool for a community to rebuild itself. Unfortunately in the wrong hands it can be abused and there is general public opinion against it because of numerous bad examples of eminent domain takings. However, used properly, it is a necessary and powerful tool for a community.

Answer 3

Depends if you think that the place in question isn't developed enough already. Should a larger entity be making decisions for a local entity? Is eminent domain really being applied for the sake of the government entity, or is it being used as an excuse to favor some private corporate entities?
Eminent domain decisions should probably be limited severely now if we are concerned about the sustainability of our communities, actual resource needs, and what future development should be. Most of our country is actually overdeveloped and overconstructed already, while inner cities have lost infrastructure. Our cities look like some kind of ringworm infection: eating their way outward in a circle, with the center dying a slow death.

Answer 4

No.

Economic development stems from a person's natural right to own his/her property.

Gradually take away a person's right to own his/her property and economic development is hampered.

Take it away completely, as Socialism/Communism does, and economic development ceases completely.

Economic development does not need theft in order to exist. It thrives where private property is protected the most.

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Answer 6

No but it is necessary to show the poor people where their place is and acquire cheap land. *sarcasm*