Takings and Tax Revenue: Fiscal Impacts of Eminent Domain

Kerekes Carrie B. () and Stansel Dean ()
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Kerekes Carrie B.: Economics and Finance, Lutgert College of Business, Florida Gulf Coast University, Fort Myers, Florida, USA
Stansel Dean: Economics and Finance, Lutgert College of Business, Florida Gulf Coast University, Fort Myers, Florida, USA

Review of Law & Economics, 2016, vol. 12, issue 2, 275-309

Abstract: In the landmark 2005 Kelo case, the Supreme Court ruled that eminent domain takings for private development constituted permissible “public use” because of their potential to produce higher revenue. This paper provides the first examination of that relationship between eminent domain activity and state and local revenue. We find virtually no evidence of a positive relationship between the number of eminent domain takings for private use (such as the one that led to the Kelo decision) and the level of revenue. We find some limited evidence of a negative relationship between eminent domain and future revenue growth.

Keywords: eminent domain; state tax revenue; local tax revenue; takings (search for similar items in EconPapers)
JEL-codes: H7 K11 R5 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1515/rle-2015-0001

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