Oakland Seizes Land, Swaps Retailer
Revelli Tire ( search) has been a family-owned business in Oakland, Calif., for 56 years. But if action by the city council remains on course, the tire store will have to find a new home or go the way of the dinosaur.
In July, using the power of eminent domain, the Oakland City Council evicted John Revelli from his store and locked the doors. The council's argument: One landowner should not impede the progress of a city on the move.
Oakland is going to give this land to a private developer and Sears (who sell tires) because:
"Sears is our only major retailer," said Oakland City Councilman Larry Reid. "We have a responsibility in terms of being able to keep Sears in downtown Oakland for what we hope will be a strong viable retail base."
And just so I can define "value" for everyone: Something is only worth what someone else is willing to pay for it or sell it for. Value and worth are mutually agreed upon, one side can't say that everyone got a fair deal if the other side disagrees.