Lowball Watch – Illinois

The North West Herald (McHenry County, Illinois) reports that the village of Lake in the Hills has settled its eminent domain action against a local owner, to acquire about three-quarters of an acre of land for for the local airport.

The village’s offer was $430,000. The settlement (which includes the value of the taken land, plus severance damages, plus relocation expenses, plus an avigation easement limiting construction on the remainder property) is $780,000.

Sarah Sutcheck, Settlement Reached in LITH Airport Lawsuit, North West Herald, Aug. 24, 2010. http://www.nwherald.com/articles/2010/08/23/r_af1sz5vrqf2t3h0qzge30a/index.xml

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