News Editorials Blogs ARTS+ Features Mobile Site Mailing List

Recent Editorials

The Plunge in Gasoline

The Real Contraception Question

‘A Legal Backwater’

Lost in Egypt

Beyond Susan G. Komen

The Truth About Ray Kelly

Reader comment on:
Paterson Could Derail Development

Submitted by WLMH, Mar 15, 2008 13:14

Eminent domain is a typical government market distortion. If the developers want the property, they should have to negotiate a price at which the buyer is willing to sell, even if that means cutting into "their" profit margin. If the best negotiate price makes the development not viable, that's an economic signal that it should not be built or that its scope or design should be altered. A property owner of any kind should be entitled to choose when to take a capital gain or loss and when to let an investment ride.

Note: Comments are screened, and in some cases edited, before posting. We reserve the right to reject anything we find objectionable.

Other reader comments on this article

Comment By Date

Eminent domain is a typical government market distortion. If the developers want the property, they should have to negotiate a...

WLMH

Mar 15, 2008 13:14

If he wants to do something about the abuse of eminent domain, I am cheering him on. [MORE]

paperpest

Mar 14, 2008 12:35

Those defending recent practices in New York are defending abuses that are far worse than typical eminent domain or even... [MORE]

Michael D. D. White

Mar 14, 2008 11:55

It seems that the recent abuse of eminent domain has derailed big projects in New York. Atlantic Yards, Willets Point... [MORE]

harrietPaterson Could Derail Development

Mar 14, 2008 10:10

Yes, it would be a shock for property-owning Americans to feel the security that they believed owning property would bring.... [MORE]

Make Nylon

Mar 14, 2008 06:16

Comment on Paterson Could Derail Development

Name
Email Address
Title of Comments
Comments:

Note: Comments are screened, and in some cases edited, before posting. The New York Sun reserves the right to reject anything found to be objectionable.

Would You Like to Become a Sustaining Subscriber of the Sun? Sign up now

* Inquire about the Sun Seminars

Sustaining Subscriber Login

Follow The New York Sun

Facebook    Twitter    RSS    Join Mailing List

Buy China Wholesale Products on DHgate.com

For Vegas Show tickets, shop ShowTickets.com

Hamptons Estate Agents

Made-in-China.com

Make sure your dresses are beautiful

Planning an Orlando Vacation? Visit Best of Orlando!

© 2002-2012 TWO SL LLC, New York, NY. All rights reserved.
Use of this site signifies your agreement to the Terms of Service and Privacy Policy.