Charleston Urban Renewal Authority Threatens BB&T for their stand on Eminent Domain
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The Charleston Urban Renewal Authority likely will remove $2.3 million from BB&T over the banks refusal to loan money to companies who get projects from eminent domain condemnations. The Authority thinks this is wrong as their charter and philosophy must consist of viewing property as theirs not the individuals. So they want to punish BB&T for taking an ethical stand.
It must suck to look into the mirror when you are a leech and a member of the Charleston Urban Renewal Authority. To see honorable behavior must make these members feel small and miserable.
I mean, who do the members of the Charleston Urban Renewal Authority think owns the property. I bet that in their passion for doing the right thing they know they trample over the rights of the individuals. And having to look at the nobility of BB&T shows how small the members of the Charleston Urban Renewal Authority are.
Read a lukewarm article on it from the Charleston Daily Mail.
If you want to contact the members of the Charleston Urban Renewal Authority, click here.
But listen to what BB&T is saying about the reaction to their stand on eminent domain abuse.
Bob Denham, senior vice president for public relations in North Carolina, said 99 percent of the responses since January have been favorable.
“It’s been extraordinary. We’re still receiving e-mails, letters and phone calls from people thanking us for our position. I think we’ve had more than 1,000 new accounts because of our stand.”
CURA is the first agency to pull its money from the bank, he said. “What BB&T is against is using eminent domain for private development of private property. That’s the key component: Private use is an abuse of eminent domain.”
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