An offer they couldn’t refuse
Nick Schweitzer discovered sometimes the law is a weapon for taking property instead of protecting it:
IMI went to Bee and asked to buy the property for a price. Bee said it wanted moren (actually they just wanted at least what they paid for it), and IMI, instead of continuing to negotiate in good faith, went to the city and demand they use eminent domain to take the property at a lower price and resell it to them. This is nothing but government sponsored theft.
If property rights meant anything, then a property owner (Bee Bus Lines) ought to be allowed to ask whatever they wanted for that property. If their price is too high, than no sale will be made and they’ll be stuck. But just because IMI didn’t want to pay a price doesn’t mean that they ought be allowed to go the city to “force a sale”. That is like suggesting that if a woman declines a man at a bar, he ought to be able to go the police and have a cop hold her down while he rapes her… to force the completion of a “transaction” he demanded of her. Having a right to something means nothing if it does not include the right to refuse sale of that item, for whatever reason. This isn’t the God Father… you have the right to refuse an offer.
Of course, it helps when the parent company is connected, as Nick points out.