Can Connecticut afford The Department of Economic and Community Development (DECD)?

Reason Magazine listed as one of the five worst decisions made by the U.S. Supreme Court, Kelo v. The City of New London, where the court approved the city’s use of eminent domain to transfer land from one private owner to another to further a developers idea for economic development. Pfizer, for whom the project was proposed, unfortunately for New London’s progress and the Supreme Court’s reputation exited from the deal made to make the hardship endured by Kelo and other property owners into a cleared waterfront now used as the city’s dump. Leaving well enough alone was the better course for economic development and it’s a lesson the DECD can never learn because of its mandate to meddle. And it continued. In 2015 they proposed to help move with a $100 million tax credit mega rich hedge fund Bridgewater Associates from its plush campus in Westport to a Stamford waterfront development. Thankfully Stamford residents rejected the project because it already had suitable buildings near its rail center and were not as concerned about the fund's chief yacht access. Talk about steal from the poor and give to the rich mind benders these economic development agencies go on.