Virginia Addresses Eminent Domain
But only in that half-ass, they don’t really mean it kind of way:
The Virginia state legislature has passed SB301 which will protect some owner rights when property is seized by the state or its divisions through eminent domain.
Property owners, however, will have to wait a while before they obtain any kind of relief. The bill provides that when property is seized by any state government agency and has not been put to the public use for which is was seized after a period of 15 years; the property owner must be offered a chance to repurchase it. The offering price must be the original sale price plus interest at 6 percent per year.
Or how about, you know, just not taking it in the first place if the project isn’t ready to go?
