Residents could lose homes to Osceola Parkway extension project
“Like others, Sanchez lives near Lake Nona in the Wyndham Lake Estate area. He works in the health field and expects the Lake Nona area to thrive with development.
But instead of seeing his property values increase, he may have to give up his home to make way for the Osceola Parkway extension.
He just bought his home six months ago.
“They’re talking about actually taking our home away, not only mine but about 17 homes in that specific area,” said Sanchez.
Eminent Domain is when the government, like the Osceola County’s Expressway Authority, can take control of a property and convert it to public use if it is for the greater good, so long as authorities pay fair market value.
“If you’re a homeowner and if it’s your new home, you expect to buy the home and probably be there the rest of your life,” said Sanchez.”
Saenz, Saul. News 13 30 May 2014.