Industry News

Illinois Realtors support proposed eminent domain law

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A legislative committee in Illinois this week approved a bill that seeks to limit the eminent domain power of local government to seize private homes and businesses, especially in cases that involve private developments, according to an announcement by a coalition that includes the Illinois Association of Realtors and the Home Builders Association of Illinois. The Coalition to Protect Illinois Property also includes the Illinois Farm Bureau, AFL-CIO, United Food and Commercial Workers, Chicagoland Chamber of Commerce, Outdoor Advertising Association of Illinois, National Federation of Independent Businesses, Illinois Retail Merchants Association, Illinois Property Tax Lawyers Association, Alliance for Responsible Taxation, Mobile Home Owners Association of Illinois, and Lawndale Business and Local Development Corp. The legislation was first introduced by state Sen. Susan Garrett (D-Lake Forest) following a U.S. Supreme Court decision in Kelo vs. New London, which affirmed the eminent ...