Markets versus Takings and Regulation

Matthew Brown and Richard L. Stroup

Chapter 11 in Property Rights, 2010, pp 211-237 from Palgrave Macmillan

Abstract: Abstract On February 18, 1999, the Miami-Dade County Commission voted 10-1 to seize land surrounding the Miami Circle by eminent domain. Like many archaeological finds, the Miami Circle is unremarkable to the casual observer. A ring of 24 carved basins speckled by 200 smaller “postholes” of no obvious pattern, the 38-foot wide circle cuts into the limestone bedrock of Brickell Point, where the Miami River pours into Biscayne Bay. According to archaeologist John Ricisak, the site was the foundation for a temple or hut constructed by the Tequesta Indians, a tribe devastated by the wars and disease of European explorers. When developer Michael Baumann bought the 2.2 acres for $8 million, the site was home to a 1950s-era apartment complex.

Keywords: Cultural Property; Black Market; Historic Site; North American Free Trade Agreement; Archaeological Find (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10779-3_11

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DOI: 10.1057/9780230107793_11

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