What is the difference between a public use and economic development?

In New York, eminent domain law is used by the government to take private property from its owner and transfer it to another person or entity. This process is regulated and limited by a law that requires the taking of property to be for a "public use" or "economic development." The difference between a public use and economic development is the purpose of the taking. A public use is when the government takes property for a reason that is based on the public’s needs or interests. This could include building a road, park, or school. Economic development is when the government takes property for the purpose of economic growth. This could include taking property for a private development project with the intention of stimulating the economy. The primary goal for economic development is to spark economic growth, not public use. Generally, when the government takes property for a public use, the owner is fairly compensated for the value of the property. But when property is taken for economic development, the compensation is often much less, as it is not based on the value of the property but on what the government predicts the property to be worth after development.

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What is the difference between a public use and economic development?

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