More than 2,000 homes could be confiscatedFlorida's Riviera Beach is a poor, predominantly black, coastal community that intends to revitalize its economy by using eminent domain, if necessary, to displace about 6,000 local residents and build a billion-dollar waterfront yachting and housing complex.
"This is a community that's in dire need of jobs, which has a median income of less than $19,000 a year," said Riviera Beach Mayor Michael Brown.
Plans for the project include creation of a basin for megayachts with high-end housing, retail and office space, a multilevel garage for boats, a 96,000-square-foot aquarium and a manmade lagoon.
A report in the Palm Beach Post said it is the biggest eminent-domain action since 1954, when 5,000 residents of Washington were displaced for eventual development of the Southwest D.C. waterfront, L'Enfant Plaza, and the less-than-successful Waterside Mall.
Read the Washington Times story here.
And check out the Paxety Pages' commentary here.