Evidence of Low-Ball Eminent Domain Offers by NCDOT
“The newspaper concluded, “A review of the settled claims showed the NCDOT had agreed to pay many of the property owners 30 to 40 percent more than the appraised value of their land.” Does this…
Study touts value of local urban renewal projects
“Urban renewal projects aren’t just about cleaning up decaying areas; they also pump tens of millions of dollars into the Colorado Springs economy in the form of jobs and tax revenues. That’s the gist of…
Renovation of old Colorado National Bank building 30 percent complete
“The developer received National Park Service approval for historic-preservation tax incentives, and the Denver Urban Renewal Authority approved tax-increment financing to help bridge the financial gap — up to $10 million, which will be paid…
Brockton considers plan to seize bad mortgages
“Brockton is exploring using eminent domain powers to seize bad mortgage loans that have devastated many residents and, with a private financial partner, sell them back at lower interest rates to help people keep their…
Inside the Radical Plan to Fight Foreclosures With Eminent Domain
“That’s where Gluckstern’s firm, Mortgage Resolution Partners, enters. It would arrange the funding for these eminent-domain purchases and then help a city like Merced reduce the loans’ principal and resell them to new investors, who’d…
Explained: Downtown Covington’s Tax Increment Financing District
“It allows a city or county to designate an area for development purposes,” Parsons said of the TIF. “They can then pledge the incremental increase in taxes to develop the area more.” The TIF relates…
Fracking, Eminent Domain, and the Need for Legal Reform in North Carolina: The Gap Left by the Clean Energy and Economic Security Act
“North Carolina’s current eminent domain regime grants natural gas producers broad authority to take private property, particularly for the construction of pipelines. However, it is unclear whether such authority will extend to other hydraulic fracturing…
Adam County, Northglenn to face off in Court
“The disagreement stems from a set of recently approved actions by the city to substantially modify its current urban renewal plan and create a new urban renewal plan based on a 2012 survey produced by…
Kensington property owners: The city is stealing our land via eminent domain
“Around late September, property owners along Bodine and Cadwallader streets in Kensington started getting notices in the mail: The Philadelphia Redevelopment Authority wanted to take their property, and it would be setting the price. Maybe…
National Western Stock Show needs changes to survive into next decade
“This much we know: The National Western Stock Show, after a brief flirtation with Aurora, will remain in Denver. We have Mayor Michael Hancock’s word on that. The 2013 stock show runs Jan. 12-27, and…