Quote:
Originally Posted by OMG!WTF!
These people own their homes. It's like saying why not just buy the land people own and then give them 10k to throw their houses away because we really don't need the house. The owners can still own it. They just have to move it.
In addition the city pays for business value when they buy land with commercial concerns on it. They had to pay The Brick a wack of money not only for the land and the building but also for the business value. That seems like another incident when the city goes above and beyond what is needed to treat people fairly.
When you look at some of the past city issues with expropriation of land, they generally employ the same tactics...wait while the properties lose value due to impending development and then offer at the revised down assessed value. Then lock it up in court forever and settle when there is no other choice.
It's actually amazing how all this would change on a dime if it happened to anyone of CP's finest.
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Please address Oling_Roachinen's post above.