And, of course, the Major Company behind the City taking is now laying off employees, relocating employees to other states, and "downsizing."
The City threw the taxpaying homeowners and small family businesses out, bulldozed their homes and now has ... vacant land with no one paying property, business and sales taxes. All done on a promise that if the Goverment levels the land where the little people in a community are currently paying taxes, in a short time a big Corporate entity will move in, and with government subsidies and tax breaks, build a nice new office complex and eventually pay higher taxes and create new jobs.
At least other states will be able to use Connecticut's landmark eminent domain case as an example of what might not be such a good, profitable idea. In nonlegalese, the local Government destroying today a small existing tax base for a non-public purpose on the promise that tomorrow a Big Bucks non-government Company will purchase the property and pay higher taxes to the local Goverment.
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