Four years ago, the Supreme Court ruled in Kelo v. New London that the government can use eminent domain to take away your property and give it to another private party. Susette Kelo’s house has been torn down but the property remains undeveloped. The 3,169 new jobs and the $1.2 million annual tax revenue have not materialized.
And they never will. In an appropriate conclusion to the sordid story, Pfizer, the company that received the confiscated property, has announced it is pulling out of New London.