New Jersey Town Consents to Cease Eminent Domain.

Bloomfield consents to cease eminent domain
The long, contentious three-year litigation over Bloomfield’s redevelopment and its attempts to secure properties by eminent domain is over. The New Jersey Superior Court entered an order approved by Essex County Assignment Judge Patricia Costello dismissing Lardieri et al v. Township of Bloomfield (ESX-L-8929-06) on the express condition that Bloomfield would not use its power of eminent domain to acquire the five plaintiffs’ properties.

"“Eminent domain isn’t the key to economic development,” said Anaheim, California Mayor Curt Pringle in his report, Development Without Eminent Domain, published by the Institute for Justice."

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Of course it isn't - smart, comptenent honest businessmen don't need eminent domain to succeed. Walt Disney was able to build both disneyland and disney world without it (in fact there are two small properties on the 'footprint' of Disney world. Nor did Rockefeller preserve Williamsburg using it. Eminent domain, as used by (greedy) developers is just a way to make a dishonest profit. It is no wonder Bruce Ratner uses it.

And, as a side note, Bloomfield, New Jersey seems to have more integrity than Bloomberg's New York.