Wow! Them Texicans sure know how to do things big! Here is a dispatch from Harris County. State v. Macy’s Retail Holdings, Inc., Case No. 997,839 (County Civil Court).
The case involved two properties: Macy’s (20.02 acres) and a local developer’s named NW-JCP, LP (45 acres).
Texas DOT took 11.82 acres from Macy’s (which took a substantial part of its parking), and offered $8,240,,2240. It took 1.395 acres from the developer’s 45-acre tract, for which it offered $972,208.
We don’t know yet what legal issues divided the parties, but judgment was entered as follows: $31,000,000 for Macy’s, and $32,000,000 for the developer, for a total of $63,000,000.