Jerry Brown Rebuffs Corporate Welfare

Started in the 1940s to provide local governments with a "tool" to fight urban blight, redevelopment morphed into a centralized planning system that obliterated property rights by giving City Hall expanded powers to condemn and acquire private property. Redevelopment agencies would float d...

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Bibliographic Details
Published in:Human events (Washington) 2012-10, Vol.68 (40), p.19
Main Author: Greenhut, Steven
Format: Magazinearticle
Language:English
Subjects:
Campaign contributions
Cities
Eminent domain
Governors
Local elections
Tax increment financing
Taxes
Online Access:Get full text
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Summary:Started in the 1940s to provide local governments with a "tool" to fight urban blight, redevelopment morphed into a centralized planning system that obliterated property rights by giving City Hall expanded powers to condemn and acquire private property. Redevelopment agencies would float debt and use the added property tax money to pay off the bonds that financed the subsidies that were provided to developers, who built projects directed from City Hall.
ISSN:0018-7194