Suppose that the Philadelphia Phillies decide to build a new ballpark that they want to own. Christina

Question:

Suppose that the Philadelphia Phillies decide to build a new ballpark that they want to own. Christina owns a piece of land that is just the right size and is perfectly located. The Phillies want to buy her land, but balk at her asking price, which they claim is above fair market value.

a. Should Philadelphia be able to take her land through eminent domain proceedings and then sell it to the Phillies?

b. Is the answer any different if the city is going to own the ballpark?

c. If Christina is forced to sell her land at fair market value, is she hurt by this?Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Sports Economics

ISBN: 9780521876612

1st Edition

Authors: Roger D. Blair

Question Posted: