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The Forum
Geoffrey Segal
ment.”
New London, Conn., officials had condemned homes and businesses to make way for an office building, swanky retail shops, and luxury condos and apartments.
Their argument was simple — this development would generate more tax revenue than the existing buildings. The new buildings would generate a larger tax base, and thus more tax revenue, which, the Supreme Court ruled, constituted a “public use.”
So next time your local government is strapped for cash, rather than fight a nasty tax battle, they have another option. Take your home or your business for “economic development.” Thanks to the Supreme Court, this now means simply “raising additional tax rev
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