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Originally posted by sgtclub
But does that benefit outweight the taking? New condos substituted for old homes does not IMHO.
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Does it "outweigh" what? The property owners must be compensated, so it only happens if someone in charge thinks the redeveloped land is worth more.
And new condos are usually worth more than old homes. You may like slums and urban blight, but most people like to see money spent to develop cities.
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Don't get me wrong, I think a RR, much like a freeway, is in the public interest, but it strikes me as different if the land that is the subject of the taking is not owned by the government - it then starts to look like redistribution or a micromanaged econmony.
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I think you'll find that railroads were given huge tracts of land, but I don't know.
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