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Eminent Domain Of Economic Development

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According to Bowman and Kearney, economic development is the “process by which a community, state, or nation increases its level of per capita income, high-quality jobs, and capital investment (Bowman & Kearney, 2014, p. 370). Throughout our readings, it is presented that economic development exists because of the gradual decline of our metropolitans. More recently, it’s been explained that economic development has become a local issue that localities are attempting to resolve due to the stale mate federal government and partly the Great Recession, and doing this with a deteriorating tax base in the form of population and jobs which increase the deteriorating infrastructure.
Cities have lost population, such as Detroit which lost 25% in …show more content…

After Berman vs. Parker, the definition expanded, and after Kelo vs. New London in 2007, the lines were blurred even further proclaiming that government can take away private property and then sell it to private developers. Some say it shouldn’t benefit private developers because it can easily be abused, but others say if the project produces tax revenue and jobs, economic development can be considered legitimate “public use” (Berkey-Gerard, 2014, p. 80). Ultimately, thanks to the Kelo decision, the idea of using eminent domain to increase jobs in the look of stadiums, corporate headquarters, office buildings, museums, and shopping malls are made …show more content…

“When asked whether the tax breaks and subsidies actually created jobs, elected officials and economic development experts couldn’t say for sure” (Fulton, 2014, p. 171). Stadiums fall in this realm as well. Owners of the “big four” (NFL, MLB, NBA, NHL) have secured nearly $20 billion in taxpayer subsidies for new stadiums (DeMause, 2014, p. 73). In 1984, a study by Robert Baade on 30 cities with recent stadiums constructed found that 27 had no measurable economic impact, and in 3 cases, economic activity actually decreased. These findings have been repeated since then and tell the same story. A study on ‘mega-events’ like Super Bowls, South FL economist, Phil Porter found ‘no measurable impact on spending’ which he attributed to the “crowding out” effect of non-football tourists steering clear of town on game weeks” (DeMause, 2014, p.

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