Boston Real Estate for Sale

This is just bizarre, and I’m wondering whether or not they have all the facts. What the mayor is proposing is just plain nuts!

Mayor Michael Brown hopes to send 6,000 of his city’s 31,000 residents packing in what would be the country largest eminent domain seizure.

The City of Riviera Beach, Fla., is at the center of the battle over whether government should be allowed to take property for private development. The $2.4 billion plan would buy up longtime residents homes and businesses near the town’s waterfront and sell them to private developers who would build pricey condominiums, houses, shops and yacht slips in their place.

Brown says it is necessary because Riviera Beach needs the money. The town is on the verge of bankruptcy and needs redevelopment if it is to thrive in wealthy Palm Beach County. Brown says the plan will bring prosperity to a city where a quarter of the residents live in poverty.

I think, at the end of the day, only one person will be forced to move out of Riviera Beach, don’t you?

Source: Fla.: Riviera Beach Considers Eminent Domain Project – Realtor Magazine Online

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Updated: January 2018

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