Kelo repercussions

The landmark eminent domain case was Kelo v. City of New London. It decided that government's could use eminent domain to take property from one private landowner to sell it to another private landowner (usually a developer). Well, it turns out things didn't work so well for the developer. (HT: Club for Growth)

Remember that landmark Supreme Court ruling known as the Kelo decision? The court decided that eminent domain allowed the city of New London, Connecticut, to seize a private owner's land for economic redevelopment by another private owner. The ruling was very unpopular and forced Susette Kelo to sell her home, which she never wanted to leave.

Now, three years later, Kelo's house has been torn down and the lot where it once stood is vacant. In fact, Real Clear Markets reports that there is no new construction in the area because the city-sponsored developer has been unable to secure financing - because interest is minimal.

It looks like government isn't as good as we thought at picking what's best for the city.