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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

This entry was posted on Thursday, July 29th, 2010 at 9:27 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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