Re: Did You Know this about OKC???
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Originally Posted by
Midtowner
That couldn't occur. Frontier City could easily force the woman to sell the land. Imminent Domain actions allow the government to force land sales when a better use for land becomes available.
Midtowner,
while this is true, ED usually does not occur for private ventures like Frontier City. Private citizens or businesses can not use ED, only government and special NGOs can. OKC would not be allowed to claim ED on private land so a private organization could materialize, that just would not fly (usually).
Of course, if the original private landowner did settle - they would be subject to due consideration - typically in the form of mucho dinero $$$; which usually diminishes the profitability of such ventures.
[much of the mucho dinero usually ends up going to high payed lawyers conducting the transaction, not the original private landowner by the way]
The Emminent Domain you are referring to (I presume the I-40 relocation) happened because the I-40 relocation is a PUBLIC venture taken by the government(s). Even then, land owners are duly compensated for their consideration but the funds they receive are substantially lower!
Oklahoma City, the RENAISSANCE CITY!
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