A new report from the Institute for Justice finds that eminent domain reform has not harmed economic growth.
An editorial in the January 30 edition of the Wall Street Journal claims that, according to the report, "there has been no discernable hit to economic activity", even in those states with the broadest eminent domain reforms.
The report assigned each state to one of three categories according to the level of reform implemented after Kelo, then it compared the data for construction jobs, building permits and property-tax revenue before and after the effective dates of the reforms for each state.
Following the Kelo v New London decision in 2005, 42 states have enacted restrictions making it more difficult for governments and developers to take privately-owned land for redevelopment.
The Institute for Justice is a non-profit, Libertarian law firm.
Read the Institute for Justice Report
Tuesday, February 12, 2008
WSJ: Eminent domain restrictions don't harm economic growth
