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Compulsary Purchase Order
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<blockquote data-quote="Buffalobob" data-source="post: 83261" data-attributes="member: 8"><p>In the USA it is called "imminent domain" At first it was used to forcibly take land for gov't projects such as roads, reservoirs, etc. It is now being used to take private land that will be sold or given to another private developer.</p><p></p><p>The "taking" of a person's residential home so that it can be torn down and a shoping mall built is extremely controversial but is occurring.</p><p></p><p>The person is compensated based upon an assessemetn of the current fair market value (I think) not any future value.</p></blockquote><p></p>
[QUOTE="Buffalobob, post: 83261, member: 8"] In the USA it is called "imminent domain" At first it was used to forcibly take land for gov't projects such as roads, reservoirs, etc. It is now being used to take private land that will be sold or given to another private developer. The "taking" of a person's residential home so that it can be torn down and a shoping mall built is extremely controversial but is occurring. The person is compensated based upon an assessemetn of the current fair market value (I think) not any future value. [/QUOTE]
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