Real Estate & Property Law

Skepticism as to when the eve of the Skyland Center take off will occur

By Alan Ackerman

The Skyland Center, premised upon substantial government intervention will finally occur.  However, the markets and demands for commercial are not necessarily what they used to be. Further, the interference with the rights of the owners and small businessmen in the shopping center has been negatively affected by the taking for years.  The government cannot look at this project as a 'success' with the great harm performed on the owners.

The Washington Post

A developer-paid, multimillion-dollar community benefits package, including money for improvements to nearby schools, libraries and parks, did little to satisfy residents who say they worry the new shopping center will fail to attract more and better retail options, such as sit-down restaurants and a big-box store, without pricing them out.

Others say after eight years of delays and false starts, Skyland's redevelopment is not inevitable.  

 

Full post as published by National Eminent Domain Blog on August 25, 2010 (boomark / email).