Urban scrapyards face growing pressure to pack up and leave
Dec 16, 2005 | 09:28 AM
| Michael Marley
Terms of repugnance often expressed by the acronym "nimby" (not in my back yard) that some urban scrapyards have endured for decades are moving up to a new, more threatening level that might someday be expressed simply as "get outta here."
This has been exacerbated by the U.S. Supreme Court's controversial ruling giving local governments greater latitude in the use of eminent domain laws to condemn property and take it for other uses.
Scrapyards and other less-attractive industrial operations like auto wreckers are finding that they are more and more unwelcome in neighborhoods where many have been in business for decades. Now, developers and municipal officials are jealously eyeing once-undesirable locations where many of the scrapyards stand. Some see seemingly inexpensive land where they can erect silk-purse developments like offices, shopping malls and parks along riverfronts that were long regarded as an urban sow's ears.
Nor is this just an isolated phenomenon. Scrapyards and auto dismantlers in several cities along the East Coast are under the gun or experiencing increased pressure from city officials to find a new home.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here