The city of Oakland, california seizes Revelli Tires and Autohouse, forcing its owner, first-generation immigrant Tony Fung to give up on “the American dream.”  John Revelli, Fung’s landlord, is forces into an early retirement that he is not prepared for: Revelli had planned on supplementing his income with continued rent payments that Fung would be making in perpetuity.  The land is to become part of a private apartment complex that will bring in increased property tax revenues to the city of Oakland.

       Postscript: The condemned building remained vacant for many months before it was razed, during which time Revelli Tires could have continued to operate.

       [added 1/20/2024]

Subsequent Events:

8/19/2005                   8/31/2005                   1/17/2006                  10/16/2006                  11/24/2009

Authority:

“Law of the Jungle”
ccc-2point0.com/preface

References:

Current U.s. National Debt:

$36,167,124,467,492

Source