Truly legalize theft. government stealing property

armchair_warrior

from land owner, who was going to sell it to the college to begin with. now the government is going to take it and resell it to the college for much lower amount.


Today, the Rancho Cordova property is littered with weeds. But Sam Fong had a plan to turn the vacant lot into a community college. In fact, he even signed a contract three years ago with the Los Rios Community College District.

"It was for over $8 million and they were going to build a satellite campus here," Fong told CBS 13. But the deal fell through and now the city of Rancho Cordova is trying to seize control of Fong's property through a process called Eminent Domain – declaring it a blighted area.

Under Eminent Domain, government agencies can take private property for public use, but must provide "just compensation" to the property owner.

Rancho Cordova wants to take Sam Fong's property and sell it – to the same people Fong had a contract with – the Los Rios Community College District.

"I had a contract with Los Rios," said Sam Fong. "And they (Rancho Cordova) interfered with the contract and they're taking the property for half the contract price," he told CBS 13.

Los Rios may be able to buy the property in question for the current market value – about $4 million – which is less than half what Sam Fong negotiated with the college three years ago. Fong is suing the city of Rancho Cordova to keep his property.

http://cbs13.com/local/rancho.cordova.eminent.2.1853628.html

boygabriel

zomg the government is like so inefficient and stuff.

putnam-denizen

I am unfamiliar with this part of Brooklyn.