The results are in: States can pass strong eminent domain reform and have economic development, too.
Surprised? Neither are we.
In our new study, Doomsday? No Way: Economic Trends and Post-Kelo Eminent Domain Reform, we found that strong protections against eminent domain abuse have no ill effect on economic growth – despite doomsday predictions from the benificiaries of eminent domain abuse.
See what the Wall Street Journal has to say in Eminent Reality:
The backlash against Kelo has had the healthy effect of limiting the hubris of local politicians, which is why they have resorted to these scary economic claims. We’re glad to see them debunked on the merits.