Squaring the Eminent Domain Circle

Project involving "dozens or hundreds of landowners, each holding an exclusive entitlement to a fragment of the designated project's area, could be impossible to implement if every affected property owner could veto the plan by refusing to sell his parcel. Unanimous consent is not a reasonable requirement for such large-scale projects. This problem is often referred to in the property literature as an 'anticommons' dilemma, meaning that any landowner could prevent the assembly of land for its economically more efficient reorganization.

...Our research proposes a novel solution for 'squaring the eminent domain circle' when largescale, for-profit projects require the assembly of land from private property owners. Our proposed model would turn the landowners into pro rata shareholders in a development corporation that would acquire unified ownership of the land and the development project."