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org. 2005). The decision significantly broadens the interpretation of what public officials can designate public use and calls into question to what extent private properties can be taken for "just compensation" .
The fact that urban renewal projects require significant public investment and tax dollars underscores the significant policy issues associated with eminent domain and private property transfer from one owner to another. In theory any proposed urban renewal or revitalization project could be construed as beneficial to the public at large however, the immediate economic benefits would flow to the private firms who are in receipt of the transfer, and "homes, small businesses, and other properties would be razed in favor of high-profile private developments" (Lehavi, A. & Licht, A. 2007). Invariably "this situation would leave landowners with minimal compensation based on the pre-project objective land values" (Lehavi, A. & Licht, A. 2007).
In addition to the ramifications of "public use" the other significant development concern is the possibility of gentrification of the proposed site. Gentrification is "defined as the transformation of neighborhoods from low value to high value. This change has the potential to cause displacement of long-time residents and businesses. Displacement happens when long-time or original neighborhood…[continue]
"Land Assemblage Problem" (2011, March 16) Retrieved December 21, 2014, from http://www.paperdue.com/essay/land-assemblage-problem-3667
"Land Assemblage Problem" 16 March 2011. Web.21 December. 2014. <http://www.paperdue.com/essay/land-assemblage-problem-3667>
"Land Assemblage Problem", 16 March 2011, Accessed.21 December. 2014, http://www.paperdue.com/essay/land-assemblage-problem-3667