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Originally Posted by Elspode
It is the whole "fair market value" thing that bothers me. If this is all about Free Enterprise making a blighted area a better place, why doesn't it start with Free Enterprise ponying up however much money it takes to get people to *want* to sell their houses?
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Good point. The "value" of any object is defined by how desirable it is. By virtue of the fact that some entity with lots of money wants to build something there, it's value should be increased dramatically; but the "fair market value" given to the owner in these instances is based on it's value BEFORE the rich entity wanted it. What a racket.