Industry News

Realtors urge eminent domain restrictions

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The Illinois Association of Realtors has called on the Illinois General Assembly to restrict powers of eminent domain, and has petitioned for state legislation that would strengthen Illinois law in this area.   Julie Sullivan, assistant director of governmental affairs for the Illinois association, testified today before the Illinois Senate State Government Committee hearing held at the James R. Thompson Center in Chicago. The hearing was called to review eminent domain laws in response to the recent U. S. Supreme Court decision of Kelo vs. City of New London.   In the 5-4 decision announced on June 23, the U. S. Supreme Court ruled that the Fifth Amendment does not prohibit a local city government from using the power of eminent domain to take privately owned property to promote economic development.   "We oppose the taking of private property for non-public uses and oppose the widespread use of these extraordinary powers given to governmental bodies," said Sullivan,...