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The Kelo backlash and the recovery

In 2005, the U.S. Supreme Court held, in Kelo v. City of New London, that the U.S. Constitution does not prohibit a state from expropriating private land for ?economic development,? e.g. a Wal-Mart. In reaction, Louisiana (like many other states) amended its state constitution to prohibit such an expropriation. Louisiana?s amendments may have the unintended consequence of impeding New Orleans? recovery from Katrina. For instance, they may prevent the state or the city from expropriating a bligh read more

Full post as published by Minor Wisdom on May 11, 2008 (boomark / email).