The Aftermath of Kelo – Pfizer Leaving New London

From the Wall Street Journal

November 11, 2009, Page A20

“The Supreme Court’s 2005 decision in Kelo v. City of New London stands as one of the worst in recent years, handing local governments carte blanche to seize private property in the name of economic development. Now, four years after that decision gave Susette Kelo’s land to private developers for a project including a hotel and offices intended to enhance Pfizer Inc.’s nearby corporate facility, the pharmaceutical giant has announced it will close its research and development headquarters in New London, Connecticut.

The aftermath of Kelo is the latest example of the futility of using eminent domain as corporate welfare…”

Read more from the Wall Street  Journal article here

Further information is available from the Institue for Justice website here