Real Estate & Property Law

Oxnard Jumps for a Private Development to benefit Lowes

By Alan Ackerman

    The Oxnard, CA network notes that the Oxnard City Council may utilize eminent domain to acquire the Pacific Oaks Federal Credit Union.  This is the city's attempt to revitalize a shopping center perceived to be a blighting influence in the area.
    These takes may indeed be for the eradication of blight.  If they are, despite the fact that we know who the private end user is, if the blight is substantial, we may be far better off for the removal of blight even though an individual developer has benefitted.

KEYT

The Credit Union is said to have already gathered hundreds of signatures on a petition showing their opposition to having a Lowe's store move into the building that currently houses the financial institution.

Full post as published by National Eminent Domain Blog on July 29, 2010 (boomark / email).