August 24, 2006

Eminent-domain fight ends, But 'blighted' tag lingers on

By Eminent-domain fight ends, But 'blighted' tag lingers on

Now that the Ohio Supreme Court has upheld property rights in the Norwood case, what will happen to property in the city of Norwood's redevelopment district? This article in the Cincinnati Enquirer reports,

All the properties in the urban renewal plan – including the 76 in the 11-acre Rookwood Exchange site – were slapped with the "blighted" designation.

It's a label that lowers the properties' market values, makes them vulnerable to future eminent-domain actions and leaves owners in a perpetual state of uncertainty.

(Read more…)

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