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Bailey's Brake Service,a bit of an eyesore at a main intersection near the faltering downtown area of Mesa,Arizona,was a family-founded,owned and operated business that had been open in its existing location since 1970.Lenhardt's True Value Hardware store was also a longstanding Mesa business with a location south and east of Bailey's and a desire for a better location as well as a professed desire to revitalize Mesa's downtown area.The Lenhardts had purchased the property abutting Bailey's but felt that the street-facing Bailey's property was necessary for its location,location,location.
The city fathers and mothers were in favor of condemnation of the Bailey use,a taking by eminent domain,followed by a "reissuing" of the once Bailey property to Lenhardt's for its construction of a new and much less eyesoreish retail establishment on the site:
Randy Bailey challenged the taking of his business as unconstitutional.Discuss the issues in his case and challenge to the city's taking by eminent domain.
Free Trade
The absence of artificial (government) barriers to trade among individuals and firms in different nations.
Economic Inefficiency
A situation where resources are not allocated optimally, leading to waste or loss in the potential value of output.
Hollow Corporation
A business model where a company outsources most of its production processes, keeping only core functions such as design, marketing, and branding in-house.
Imports Foreign Goods
The act of bringing goods and services from foreign countries into one's own country for sale.
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