Kenner weighs how airport buy-out property development would affect hold-out owners
“The airport buyout property consists of more than 390 lots, the small sites of former homes and stores. The study recommends 31 bundles. As often as not, these shapes coagulate around a holdout property, looking, from an aerial view, like a squirmy game of dominoes.
“Ideally, if these properties could be acquired and melded into the bundling, many of these potential development sites would be more attractive to buyers,” the study reads.
“Without some legally authorized entity using powers of eminent domain, these hold outs are likely to remain as is.””
BayouBuzz 8 August 2013.