In Hartford Eminent Domain Case, Property Owner Wants More Money
“The real estate investor who owns land the city wants to take for its $350 million baseball stadium development project said the city’s $1.9 million offer is “wholly inadequate.”
In documents filed in Hartford Superior Court, an attorney for the Covered Bridge Ventures said that his client is “aggrieved by the statement of compensation.” That is, the city isn’t paying him enough for the 14 properties he owns and that it is taking.
Reached this week by phone, attorney R. Bartley Halloran said the city is low-balling his client. “We think it’s worth considerably more,” he said. Halloran also filed paperwork with the court asking that it release the $1.9 million to his client.
“As a result of the condemnation, the applicants will sustain a complete loss in business on the aforementioned property, making the immediate receipt of funds a critical issue,” Halloran told the court.”
Cohen, Jeff. WNPR 3 December 2014.