City Pays $1.55 Million for 3 Properties at New School
“The City has agreed to pay $1.55 million to take three properties by eminent domain from four owners, including one owner who works in the Mayor’s Office.
The takings – all on Fernwood Place and Fernwood Avenue – will accommodate a traffic plan for the new Hill School that turned out to be the preferred alternative for City and school officials, being touted highly by Supt. Paul Dakin, Fire Chief Gene Doherty and Mayor Dan Rizzo.
City officials inked the agreements in June, according to records provided by the City, and occupants of the two homes and two condos had to be out of the properties by Dec. 31.
The Krassnoff estate, which owns a condo at 42 Fernwood Ave., had an appraisal of $130,000 and was paid $350,000 by the City. That was, however, in line with other payments to other individuals involved in the takings. It’s also the second time during the school building program that an employee in the Mayor’s Office has had his or her property bought by the City.”
Daniel, Seth. Revere Journal 5 March 2014.