Home | Business News | Browse by Publication | S | San Diego Business Journal

Toll adds up in condemnation rulings vs. city.

Publication: San Diego Business Journal
Publication Date: 26-APR-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
City officials confirmed they' have paid millions more than expected to build state Route 56 because right-of-way acquisition proved more costly when landowners turned up their noses at the city's appraisal values, resulting in some lawsuits.

That does not include almost $2 million the city spent through December 2003 on litigation involving tracts along the 10-mile stretch of Route 56, a critical east-west link connecting Interstate 5 with Interstate 15. Officials expect to complete the last four miles and open the freeway in July.

To date, the city has spent nearly $19 million more than the value its appraisers placed on property--much of it in the pricey Carmel Valley and Rancho Penasquitos area--taken through the eminent domain process, a right of a government agency to take property for public use. Three cases remain on appeal, and one awaits San Diego City Council approval. The final cost overrun for right-of-way acquisition is not known.

At least one dispute could have been settled for far less outside the courtroom, said Michael Pattinson, president of Carlsbad-based Barratt American Inc. To avoid legal fees and get its money sooner, his real estate development firm tried to negotiate a settlement. Barratt was willing to take $1.2 million...

Access Full Article, Compliments of Goliath

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from San Diego Business Journal
The showdown in Old Town: hearing over lucrative concessions package n..., April 26, 2004
Convention center, ConVis officials at odds over forecast., April 26, 2004
Taking liberties: Corky McMillin Cos.(Tourism)(Huntington Hotel Group ..., April 26, 2004
A day in the life of a charter company starts at ground level., April 26, 2004
Consistent demand fuels strong commercial market.(The Shidler Group), April 26, 2004

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.