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Real Estate & Property Law
: National Eminent Domain BlogFairness in the Judicial Process
By Alan Ackerman
A St. Louis jury awarded $2.8 million on Friday to the former owner of two acres just north of the Edwards Jones Dome downtown in a fight over eminent domain.
The city's Land Clearance for Redevelopment Agency condemned the two-acre tract after the owner refused sell it in 2005 for $523,000.
The property, a city block bordered by Sixth, Seventh, Carr and Biddle Streets, was included in the "Bottle District" redevelopment plan for a $226 million entertainment destination including a restaurant, concert venue and bowling alley. It has not yet come through.
A commission of three attorneys set the value of the property at $1.2 million. The city's agency paid that price and took control of the land. But the owner, McTayd L.C.C., appealed to a St. Louis jury, which heard evidence last week and reached a unanimous verdict for more than twice as much.
-The decision of the jury on this parcel, bordering on the downtown development is a great example that there can be fairness in the judicial process. This action was tried brilliantly by land owner attorney Robert Denlow of Clayton, Mo.
Full post as published by National Eminent Domain Blog on July 18, 2008 (boomark / email).
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