Final Outcome in the New London emminent domain ca

Posted by Matt from CT on August 22, 2006 at 18:32:02 from (24.181.190.99):

Since I know it was big here:

-- Everyone has agreed to move voluntarily (no forced evictions) and drop any remaining lawsuits
-- The State of CT ended up adding $2.3 million to the original $1.7 million New London had taken the properties for ($4 m. total)
-- $1.1 million charged in rent since the properties were seized to those still living in their homes was waived (That doesn't sound right to me...what where they charging, 10% of the value per month in rent or something??? At any rate, it sounds like "monopoly money" to me that no one ever planned to pay or expected to receive)
-- The lead plaintiff (Kelo) will have her existing house moved to a new location within the city
-- Another plaintiff has the right to purchase a new home *if any are built* in the area at a fixed price (it's unsure if some new housing / condos will be built eventually)...I assume that means he can buy a new house for the same price he was paid for his taken property.

Depending on how you slice and dice the math and what the lawyers took, we're talking well over 100% and pushing 200% premium over what NL originally wanted to pay for the properties.

Replies:

• Re: Final Outcome in the New London emminent domai Joe MD 13:35:35 08/24/06 (0)
• Re: Final Outcome in the New London emminent domai Steve KS 13:26:40 08/23/06 (0)
• Re: Final Outcome in the New London emminent domai BigMarv1085 05:00:15 08/23/06 (0)
• Re: Final Outcome in the New London emminent domai Midwest redneck 02:33:45 08/23/06 (0)
• Re: Final Outcome in the New London emminent domai paul 21:25:30 08/22/06 (0)
• Re: Final Outcome in the New London emminent domai Sid 19:30:58 08/22/06 (4)
  • Re: Final Outcome in the New London emminent domai noncompos 20:58:22 08/22/06 (3)
    • Re: Final Outcome in the New London emminent domai mjbrown 07:45:18 08/23/06 (1)
      • Re: Final Outcome in the New London emminent domai Lou 08:05:51 08/23/06 (0)
    • Re: Final Outcome in the New London emminent domai Sid 22:22:28 08/22/06 (0)
• Re: Final Outcome in the New London emminent domai NC Wayne 19:07:32 08/22/06 (2)
  • Re: Final Outcome in the New London emminent domai IanC 04:57:50 08/24/06 (0)
  • Re: Final Outcome in the New London emminent domai 730virgil 19:48:17 08/22/06 (0)

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