ca5.uscourts.gov – February 08, 2013
“Thus, we hold that MCTA’s right to collect assessments is not a compensable interest under the Takings Clause, and that MCTA was not entitled to compensation for the loss of its assessment base.” This decision by the Fifth Circuit Court of Appeals applies to some Hurricane Katrina repairs where the federal government used eminent domain to demolish 14 townhome units, and paid “just compensation” to the owners. The townhome association argued for compensation for loss of assessment revenue.
Read the full story on www.ca5.uscourts.gov