TITLE

Arizona Eminent Domain Bill Could Block the Path of Bond-Backed Redevelopment

AUTHOR(S)
Williamson, Richard
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/15/2003, Vol. 344 Issue 31615, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Proposed Arizona legislation that would limit the use of eminent domain to acquire property for public redevelopment could also hinder bond-financed projects. Under House Bill 2308, cities could not use eminent domain to condemn property until 854570360f the area to be redeveloped had fallen into slum or blight conditions. Once a property is condemned, the cities could not sell the property for 10 years. While projects such as light rail, highways, police, and fire stations would be exempt, public-private efforts would fall under its restrictions. One of the eminent domain cases that inspired Representative Eddie Farnsworth to introduce the legislation involved the town of Chandler's condemnation of a Jack In The Box restaurant to make way for mixed-use redevelopment. In effect, the city condemned the property so that it could be turned over to a private developer to build a new restaurant.
ACCESSION #
9766445

 

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