Here in NYC, if you take the 1 train past 125th Street and look to your left, you see a massive orange building. Most know it as a Self-Storage place. It's now got a big sign on it that says "Stop Columbia...Stop Eminent Domain Abuse. We won't be forced out!" Watching many parts of the city change quickly, generally at the hands of people like Bruce Ratner (the money behind the Atlantic Yards development), I wish I had more information. Maybe you fine folks can help me out!
Specifically - is eminent domain really allowing organizations and/or developers to claim buildings that are owned outright by business? If so, is it to enlarge the tax base?
If this is all true, (and I don't know the details), how is this in any way legal? Are the successful, albeit small businesses of my neighborhood next?
Anyone familiar with eminent domain laws and how they work in urban settings -- I'd appreciate enlightenment!