Sheldon Richman of the Future of Freedom Foundation has this article on the Riviera Beach case. Excerpt:
Talk about chutzpah! A development company is thinking about suing Florida and the city of Riviera Beach for refusing to use eminent domain to provide land for upscale condominiums and a marina. Viking Inlet Harbor Properties was assured the city would condemn a number of working-class homes, but the city council had second thoughts. Now the company fears the $50 million it has already spent acquiring other lots will go to waste. "I'm stuck with these properties but can't develop them because I can't fill in the puzzle pieces," said Mike Clark, president of the development company's real-estate division. Hence the possible lawsuit.
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