What does condemnation allow a city to do?

Study for the IEDC Real Estate Development and Reuse Exam. Harness the power of flashcards and multiple-choice questions, each enriched with hints and explanations. Get ready for success!

Condemnation is a legal process that enables a city, government, or other public entity to take private property for public use, which is often referred to as eminent domain. This process ensures that the property can be used for purposes that benefit the community, such as building roads, schools, parks, or other public infrastructure.

The key aspect of condemnation is that it allows for the acquisition of title to the property, which means the city obtains legal ownership. Property owners are typically compensated for their land, reflecting the fair market value, which addresses the constitutional requirement that private property cannot be taken for public use without just compensation.

Understanding this process is essential for those involved in real estate development and reuse, as it reflects the balance between public interests and private property rights. The focus on acquiring property for public purposes underscores the role of government in shaping urban environments and addressing community needs.

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