Lowball Watch – Massachusetts

A Massachusetts Court of Appeals affirmed a verdict, awarding over $3.6 million, plus $400,000 in interest for the taking of a 5.5-acre parcel of land by the Mystic Valley Development Commission for an “expansive 200-acre business and residential complex.” The Commission had deposited $280,000 six years ago when it took the property.

By our calculation, the award comes to over twelve times the Commission’s offer, not counting the interest.

For the story go to http://www.boston.com/yourtown/news/malden/2010/07/appeals_court_orders_4m_paid_i.html

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