Law360, New York (July 31, 2012, 3:13 PM ET) -- In 2011, amid much fanfare, Mississippi voters overwhelmingly approved an initiative to amend the Mississippi Constitution to prohibit state and local government from taking private property by eminent domain and then conveying it to private interests in the name of public interest economic development for a period of 10 years after the acquisition.
Earlier that same year, the Mississippi Supreme Court quietly rendered its own reformation of Mississippi eminent domain law when it handed down its decision in Dedeaux Util. Co. Inc. v. City of Gulfport[1],...
The Valuation Of PUCs In Miss.
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