No, it turns out that you don't own the intersection.
This one will probably be a bit difficult to watch, and is something that seriously never should have happened anyway. It was captured by someone filming a local hot rod meet's parade, a fairly common thing with these kinds of meets, and something always done with a police escort. The traffic lights have even been switched to flashing, as police are out directing traffic. But here you'll see one woman decide to just go anyway, and big surprise, she ends up t-boning one of the hot rods.
She doesn't even appear to have slowed down approaching the intersection. Good thing that hot rod guys tend to know people who are good at body work.