Abstract

http://ssrn.com/abstract=2126193
 


 



Irregular Kelo Takings: A Potential Response to Natural Disasters


Fredrick E. Vars


University of Alabama - School of Law

August 7, 2012

The Urban Lawyer, Vol. 44, Issue 4, Fall 2012
U of Alabama Public Law Research Paper No. 2126193

Abstract:     
Tornadoes, hurricanes, floods, mudslides, earthquakes, tsunamis, volcanoes, and fires devastate property. Prior studies have shown that rectangular urban lots are much more valuable than irregular ones. Local government faced with an essentially blank slate after a natural disaster might therefore redraw boundary lines to eliminate irregular parcels. This essay assesses that strategy and concludes: (1) the premium for rectangular lots is smaller than previously estimated, but still significant; (2) the controversial United States Supreme Court decision in Kelo leaves open the door to squaring lots as a means to increase property tax revenue; and (3) post-Kelo legislation in many states inadvertently closes the door on this perhaps sensible strategy.

Keywords: Kelo, takings, lot shape, land value

Accepted Paper Series





Not Available For Download

Date posted: August 8, 2012  

Suggested Citation

Vars, Fredrick E., Irregular Kelo Takings: A Potential Response to Natural Disasters (August 7, 2012). The Urban Lawyer, Vol. 44, Issue 4, Fall 2012; U of Alabama Public Law Research Paper No. 2126193. Available at SSRN: http://ssrn.com/abstract=2126193

Contact Information

Fredrick E. Vars (Contact Author)
University of Alabama - School of Law ( email )
P.O. Box 870382
Tuscaloosa, AL 35487
United States
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