08/15/2012 03:29 pm ET

Rahm Emanuel Opposes Using Eminent Domain To Combat Foreclosures

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."

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