Posted by Irwin on April 30, 1999 at 07:22:43:
Sometimes a municipal authority can designate an area as one that is being taken by eminent domain. If they do that, you might not be able to buy a property in the declared ares and sell it at a profit to to the city. That’s the only “effect” that I see possible. Talk with the people at the Commission and they’ll tell you what you can and can’t do in a particular area.