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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: No Mo Mo11/13/2009 3:36:59 PM
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Holy f*ck, remember this story???

Got denial of property .... for no good reason?

democracynow.org

Eminent Domain Outrage in Connecticut: Pharmaceutical Giant Pfizer to Leave New London, Site of Major Housing Battle


Homeowners in New London, Connecticut took on the city’s leaders after they announced plans to condemn all of the homes in one neighborhood to make way for a private development project for pharmaceutical giant Pfizer. The city said it would bring in thousands of jobs. After a 2005 Supreme Court ruling against the homeowners, the entire neighborhood was bulldozed. This week Pfizer announced it is shutting down its research center. [includes rush transcript]


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