Have I got a deal for you!? I've come across and excellent building proposal involving the construction of a new hotel and restaurant on some prime property located in the town of Weare, New Hampshire.
The bad news is, there is a private home currently located on the property, but the REALLY great news is, now that the Supreme Court has cleared the way for eminent domain of private property - as stated in the Kelo v. City of New London decision, handed down Thursday - we need not worry our pretty little heads about evicting the current resident. We simply need to convince only 3 of the five members of the Board of Selectmen in the town of Weare that the new development will create a much larger tax base than as is currently used in it's present state as a private home.
In fact, the current resident is very well situated and will easily be able to take the monies received via eminent domain and relocate to a new property ... so it's not like we'll be evicting a little old grandmother on welfare.
So this is really a win win win situation for ALL concerned.
The town of Weare creates a larger tax base to support it's citizenry, the investors get to benefit from the income the new property will generate, and the current resident will be justly compensated for his loss AND will be very happy to see that he is participating in this great new ruling just handed down by the Supreme Court.
Who's the current resident? (This is the beautiful, all is right in the world of karma, part...)
The current resident is none other than Supreme Court Justice, David Souter.
Read the story here.
Tuesday, June 28, 2005
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1 comment:
We'll need to scrap a chunk of change together. They want investors who can pony up 75k or more. I'm short till payday, can you cover me?
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