market value and moving expenses seems like a no brainer, but it doesn’t go nearly far enough. the value that is created from these properties being requisitioned isn’t really addressed.
a company deciding they want it at market value, would intrinsically increase the market value pretty significantly. and it’s hard to put numbers to it, but if someone were to knock on my door, completely unprompted, I think I would have a hard time packing up and leaving for less than 1.5x market value (plus expenses).
CIA_chatbot@lemmy.world 3 weeks ago
Eminent domain was never meant to be for the economic profit of an individual, it was meant for the common good of the community - this is just fucking bullshit
kibblebits@quokk.au 3 weeks ago
Eminent domain wasn’t used though. They just bought the land. The article is sensational.
blarghly@lemmy.world 3 weeks ago
They threatened eminent domain. This is like the cops offering you a deal instead of going to trial.
CIA_chatbot@lemmy.world 3 weeks ago
Aww figures