Huffpost Chicago

Rahm Emanuel Opposes Using Eminent Domain To Combat Foreclosures

Posted: Updated:
CHICAGO, IL - JULY 09: Chicago Mayor Rahm Emanuel speaks during a press conference in the Englewood neighborhood on July 9, 2012 in Chicago, Illinois. (Photo by Scott Olson/Getty Images)
CHICAGO, IL - JULY 09: Chicago Mayor Rahm Emanuel speaks during a press conference in the Englewood neighborhood on July 9, 2012 in Chicago, Illinois. (Photo by Scott Olson/Getty Images)

Mayor Rahm Emanuel has spoken out against a proposal that would use the government's power of eminent domain to help mitigate Chicago's foreclosure crisis.

"The idea of using eminent domain is not one I support ... because I don't think it's the right way to address the problem," Mr. Emanuel said during an unrelated press conference today at the newly renovated Morse Red Line station. "I don't think it is the power of the city to deal with the housing issue. We have a national issue. I think we have to address the issue. I just don't think that is the right instrument."

Read the whole story at Crain's Chicago Business