If I understand the story line here, I'm thinking someone is telling a joke: 'You see, there was this guy in Framingham. He's the guy who owns Ken's Steakhouse, but his name isn't Ken. It's Timothy. Over 10 years ago now, government told Tim that it was going to take his property over on Worcester Road because it needed it for a Turnpike or a parking lot or something. Tim got kind of mad at the idea so he took government to court to try to keep his land from being taken. Of course, the court was a government court, and the court said Tim couldn't stop government from taking the land, that it was important for the Turnpike Authority to have his land for a parking lot or whatever the Turnpike Authority thought it was important to have the land for. So Tim's land got taken by government for the Turnpike Authority to own. Now after that, the Turnpike Authority built a parking lot, but almost no one ever uses it. And, there is an old 'historic' building called the Rugg-Gates house that no one uses either, and that the Turnpike Authority doesn't even try to keep up. It just sits there now, on what used to be Tim's land. So, Tim carries this grudge about all of this over the years. And, now, over 10 years later Tim gets a bright idea. He goes down to city hall and asks the city to take the property by eminent domain from the Turnpike Authority, and then give it back to him (the rightful owner of course). After all, there is an old blighted building on the property, and almost no one ever parks in the lot. Tim promises that if the city government will take his property back from the Turnpike Authority that he will pay out of his own pocket the amount of money the city has to pay in just compensation for taking his land back. But there's more, Tim promises economic development because if the city takes his land back he will build a new restaurant on his old land, land that almost no one makes any use of right now. He's thinking he might call this new restaurant Tim's Steak House. . . . .'
". . . for almost a century the basic principles on which this civilization was built have been falling into increasing disregard and oblivion." -- Hayek
Monday, June 19, 2006
Eminent Domain Jokes
I linked to a news story over at Eminent Domain Institute about an interesting use of the power of eminent domain. Here is how the story sounds to me:
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1 comment:
nice post. I would love to follow you on twitter.
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