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Real Estate & Property Law
: National Eminent Domain BlogIowa Airport May Have to Purchase Homes
By Alan Ackerman
The FAA is requiring massive changes to its runway structure, RPZ requirements and airport operations. The problem with these changes is that it leaves owners facing future easements and the risk of devaluation to the property. Frequently, these diminutions are already included prior to the take, making it difficult for the owners to properly prove the market value but for the condemnation activity. he master plan is updated each decade and must be approved by the FAA so the airport can continue to receive federal funding.
allbusiness.com
As part of its review, the FAA looked at the RPZ requirements governing the air space over runways at the Summer Street airport. The RPZ is mandated by federal law to protect people and property if an aircraft lands or crashes beyond the end of a runway, according to the FAA.
Three out of four airport runways do not meet current RPZ requirements, officials indicated. Beaird said the airport authority has requested a reclassification of those runways in order to avoid property acquisition.
She cautioned that no decision regarding buyouts has been made.
Full post as published by National Eminent Domain Blog on August 19, 2010 (boomark / email).
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