PROPERTY RIGHTS VICTORY IN CALIFORNIA: CA SUPREME COURT ABOLISHES REDEVELOPMENT AGENCIES
Courtesy of Jon Fleischman at the FlashReport …
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Dear Steve, This morning the California Supreme Court took action which has the effect of abolishing all of the Redevelopment agencies in California. This is outstanding news. We have featured a lot of content on the FlashReport about the many property rights abuses and crony deals associated with RDA's. Here is a column I penned on this topic. For more information on today's ruling, we are pleased to feature an outstanding column from attorney Ashlee Titus of the firm Bell, McAndrews and Hiltachk. We encourage you to read it and share it with others. Sincerely,
FlashReport |
Click the link below to read the entire column... |
Bottom line …
For decades the special interests, notably property owners and developers have poured millions into political campaigns to allow the use of public money into what is essential a private project or that benefits private interests.
With the Supreme Court’s Kelo ruling, politicians no longer had to worry about confiscating the private property of a private individual to give it to another private individual to use in any manner they decide as long as there was a public benefit such as increasing tax revenues. This was an egregious ruling beyond the original intent of the law; to allow property to be taken (with fair compensation) for public use such as roads, schools, firehouses and similar public needs. This enabled corrupt third-parties to convince politicians, often by way of campaign funds, perks and privileges, to provide windfall profits to developers and others who knew how to manipulate the system.
Thankfully, at least in California, that might be coming to an end.
Check out the article and subscribe to Jon’s report. I have found it to be the best compendium of California News and the analysis is spot on.
-- steve
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