Court Rules Against Taking Homes For Economic Development

The Ohio Supreme Court has sided with homeowners in the latest case over property rights.

1 minute read

July 28, 2006, 1:00 PM PDT

By Christian Madera @http://www.twitter.com/cpmadera

"Ohio Supreme Court ruled unanimously that economic development isn't a sufficient reason under the state constitution to justify taking homes, putting a halt to a $125 million project of offices, shops and restaurants in a Cincinnati suburb that officials said would create jobs and add tax revenue.

The case was the first challenge of property rights laws to reach a state high court since the U.S. Supreme Court last summer allowed municipalities to seize homes for use by a private developer."

FULL STORY: Ohio's High Court Backs Property Owners

Wednesday, July 26, 2006 in MSN Money

Community / Economic Development Government / Politics Urban Development United States Ohio

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