Lowball Watch – Maine

The Portland Daily Sun reports that a Cumberland County, Maine, jury awarded $715,000 to the owner in a condemnation action involving the taking of railroad easement rights. The city took the property in 2005, and offered $5002. Because the jury award exceeded that amount there is also interest due on the overage, so that the total amount of the award, including interest and attorneys fees (which are yet to be calculated), comes to $967,000. See David Carkhuff, City Loses $967,000 Eminent Domain Case, The Portland Daily Sun, June 3, 2011. Go to here.

Follow up. The interest figue submitted by the owner is $243,014.50. The city disputes the date of interest accrual. The court is yet to rule. Stay tuned. See here.