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Business Insider: The Famous 'Kelo House' Property Is Now A Vacant Lot


It was four years ago that the shocking Supreme Court ruling came down permitting the city of New London to use eminent domain to seize private residences to make way for a pharmaceutical plant. The ruling outraged our readers and led to rapid response from many states explicitly barring this sort of thing.

However, a not so funny thing has happened. The houses were demolished. Pfizer got the land virtually for free. But the research and development plant is going to be shut down. Business Insider has a post about what happened that I've embedded below.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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