The Price Of Eminent Domain
A jury in Santa Maria, CA, awarded a woman almost twice the amount the school district was offering her, after seizing part of her farmland by eminent domain. "The district's position was that a fair price for her land should be based on the fair market value of farmland in the area." However, the property owner "believed that a more appropriate price would be one based on land rezoned for housing. Her attorney claims that "the Irvine Co. just happened to be eyeing her entire property for development." Regardless of the legal struggles, both sides are acknowledging the importance of building the much-needed campus on the site.
Thanks to Connie Chung