13. November 2009 • Matt Hampel

Email this article

In 2005, the Supreme Court decided 5-4 that New London, Connecticut, could condemn and acquire 26 acres of a neighborhood to build hotels, and condos, near a Pfizer research center. The city spent nearly $80 million preparing the land.

On Thursday, Pfizer announced that 1,400 jobs would leave the city and no new development would occur. They will vacate a 750,000 square foot complex built in 2001. Their credits for 80% of the taxable value are set to expire in 2010 or 2011.

Michigan passed Proposition 4 in 2006: