The law is something like what several states are voting on this November, including California. Here, it is buried in a law that supposedly protects private property against eminent domain. The crucial part, however, says that any type of planning that detracts from the value of private property must be compensated for by the state.
On Fri, Oct 06, 2006 at 06:50:47PM -0400, Jerry Monaco wrote:
> On 10/6/06, Michael Perelman <michael at ecst.csuchico.edu> wrote:
> > Portland will not be able to continue planning because of a state referendum on
> > takings.
>
> Love to hear more on this and more on what you think about it.
>
> I was in Portland last year and I began to wonder how many Norwegians
> and Swedes lived there because that is what it looked like they were
> aiming for with their downtown.
>
> Jerry
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com