KELO, Eminent Domain and California
The city of Monrovia is planning on using eminent domain to take a property owners land. In place of a smog tester and auto mechanic, they are going to but in 15-25 condos priced at 600,000 to 1.2 million a piece. How much did they offer him for his property? $709,000. I know that corner. The property is worth twice that much. But this is just another example of the expansion of eminent domain solely to improve the tax base of the city. It's wrong and I see no clear fix in the near future. A local government stealing property to give to another private party for development for a private economic gain. No public use is planned for this land. They are doing it solely for increasing property tax revenue.
Labels: eminentdomain, KELO, Monrovia, Pasadena
