TOPIC: "Eminent Domain" has within the past few years become an issue with the Supreme Court ruling that in the specific case before it, the court ruled that it was indeed constitutional for a local...

Eminent Domains
Running Head: Eminent Domains
Eminent Domains
Eminent Domains
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Eminent Domains
In 2005, Supreme Court’s Kelo v New London ruling reaffirmed governments’ right to utilize eminent domains for financial growth purposes. As a result of extensive public response to this decision, many states passed law that restricts utilize of the reputed domain for such purposes as quickly as possible. A long debate exists on the fact that public use should be defined at least for those project in which the common public has parks, roads or public infrastructures, and if it’s widely defined must the projects be well established public objective Arguments for the role of reputed domain in economic development potential market Failure comes from the result...