online prescription solutions
online discount medstore
pills online
get generic viagra online
get generic viagra online
order viagra online
order generic viagra
buy generic viagra online
order generic viagra
get viagra
order generic viagra
order generic viagra online
buy viagra online
buy generic viagra online
get viagra
order viagra
get viagra online
get viagra online
order generic viagra online
get generic viagra online
buy generic viagra
get viagra online
get generic viagra
order viagra
get generic viagra
get generic viagra
buy viagra online
order viagra online
order viagra
buy viagra
buy viagra
buy viagra
order generic viagra online
buy generic viagra online
buy generic viagra
buy viagra online
buy generic viagra
get viagra
order viagra online

Lowball Watch — North Carolina

News reaches us from the Charlotte area of North Carolina that an eminent domain case pending in Mecklenburg County, and  involving a partial taking of some 25% of the improvements of a shopping center, just settled (two weeks before trial) for $22,500,000. Dept. of Transportation v. Independence Shopping Center. The condemnor’s offer was $16,864,000, so the settlement amount represents an increase of $5,636,000, or one-third over the condemnor’s offer.

We are told that this settlement is the largest one in the history of North Carolina.

We just got only the essential news, so we are in no position to provide any details as to what issues divided the parties, but we hope to provide those as we get them.

What is remarkable about this case (and others like it that settle for large sums over the condemnor’s offer) is that the condemnor settled instead of fighting to the bitter end, which is a sort of an admission on its part that it was trying to lowball the property owner.

 


The purpose of this blog is to provide a forum for people, whether eminent domain professionals or not, for exchange of ideas and a discussion of eminent domain news and issues. It does not provide legal advice. Questions concerning actual cases should be directed to the readers' own legal, appraisal and real estate advisers.

We reserve the right to delete comments that in our judgment are abusive or otherwise inappropriate, or that digress from the topics that are the subject of this blog.