Wednesday, 13 June 2007

Mo. Supreme Court to Clayton: Blight This

The Missouri Supreme Court yesterday ruled that the city of Clayton can’t seize and hand over several parcels of land in downtown Clayton to private developers who are too cheap to pay market value for land to expand Centene Corporation’s headquarters. According to the article, Centene may look elsewhere instead, but unless they’re willing to go somewhere that’s genuinely blighted—say, about 70% of the city of St. Louis—they’re probably bluffing.