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Real Estate & Property Law

: Law of the Land

Colorado Supreme Court Holds that A Court May Not Order Urban Renewal Authority to Exercise Eminent Domain In Furtherance of a Contract with Developer

By Patty Salkin

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The urban renewal authority entered into an agreement that required it to acquire five parcels, by eminent domain if necessary, and sell them to the developer for construction of a Walgreen?s store. When the authority failed to obtain needed financing, it entered into a second agreement, under which the developer would finance the acquisition. The [...]

Full post as published by Law of the Land on April 10, 2008 (boomark / email).

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