Lowball Watch – Louisiana

We are informed that the Louisiana District Court has just entered judgment in a case of taking of 10.12 acres (Orleans Levee District v. New Orleans Michoud Industrial Park, No. 2008-13114, judgment entered March 13, 20012). The numbers are as follows: condemnor’s deposit – $175,000; award for the part taken – $414,979; severance damages – $723,137, for a total compensation of $1,138,114. Plus interest which is yet to be calculated, and attorneys fees which are yet to be awarded. So far, that comes to 6.5 times the condemnor’s deposit. Stay tuned for the balance.