Here Comes the Bulldozers
Today the Supreme Court ruled in favor of allowing local city officials to take private property through eminent domain, even in an area that is not blighted. The tool has been seen as essential for urban redevelopment by cities looking to boost tax revenues with retail and office space.
This ruling could be seen as a threat to many of Jersey City's brownstone neighborhoods as developers push for higher density towers. More than likely though, the actual effect will simply mean faster redevelopment of areas already slated for high rise towers and for easier redevelopment of the cities former industrial sites and blighted neighborhoods.
This ruling could be seen as a threat to many of Jersey City's brownstone neighborhoods as developers push for higher density towers. More than likely though, the actual effect will simply mean faster redevelopment of areas already slated for high rise towers and for easier redevelopment of the cities former industrial sites and blighted neighborhoods.
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