Welcome to the Future!
The 2 umbrella assocaitions in the bruhaha:
The key issue: Business owners, who do not own the business’s property, may be forced into move
The eminent domain issue: Texas does not recognize a comepnsable value for a tenant business
Do other states compensate a tenant? Yes, look at California
The property in dispute & the project: A new dental school facility at Texas A&M may require that the university acquire the property occuppied by the Elbow Room
Does this sound familiar, a popular establishment near a university facing…
Wharton area residents are reciving information on Comptroller Hegar’s legislative enacted Eminent Domain transperancy data base set to go online soon.
Wharton Journal Spectator | New law promotes transparency for eminent domain
UNT and Sac and Save have reached an agreement to purchase the 91,000 building for $6.25 million. The agreement is pending approval from the board of regents.
Eminent Domain was an available option for UNT. However, because the property had other pending offers for purchase, and the desire to avoid eminent domain litigation; a purchase agreement was reached. The Denton County appraisal of the property was approximately $2.2 million.
Posted inappraisals, legal trend, private property rights, university
UT Regants had put Players on the eminent domain chopping block in 2004. Players was saved from eminent domain and UT ultimately paid fair market value for the property. The Austin Chronicle details the eminent domain challenges Players faced. [Austin Chronicle]Memory Lane: Eminent Domain, UT and Players