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Mismanaged Property

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Mismanaged Property 

in civil law, property that the owner does not take care of, as a result of which it falls into ruin. In a number of cases Soviet civil law provides for the removal of mismanaged property from the citizen who is a negligent owner (Civil Code of the RSFSR, arts. 141, 142). As a rule, the property that is seized has significant artistic, economic, historical, or other value—for example, works of art, houses, historical documents, and the like. The value of the seized property is repaid in the amount set by agreement or, in the event of a disagreement, by a judge.



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On behalf of the dead, the living and the generations to come, Mayor Michael Bloomberg, Governor Jon Corzine of New Jersey and Governor George Pataki of New York must step in to prevent the memorial from becoming a fiasco, a piece of mismanaged property on the verge of becoming, regrettably, lower Manhattan’s answer to Boston’s Big Dig.
 
 
 
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