Real Estate/Development
Oct. 28, 2003
Property Owners Must Study Eminent-Domain Law, Process
BY BARRY MACNAUGHTON As if construction, financing, tenancy and maintenance issues aren't enough, property owners in California increasingly face yet another challenge: state and local governments exercising their power of eminent domain to condemn and purchase property.
BY BARRY MACNAUGHTON
As if construction, financing, tenancy and maintenance issues aren't enough, property owners in California increasingly face yet another challenge: state and local governments exercising their power of eminent domain to condemn and purchase property.
Many cash-strapped government agencies, facing mandates to build public works or redevelop "blighted" neighborhoods, lack the money to buy the necessary property at its true market value. T...
As if construction, financing, tenancy and maintenance issues aren't enough, property owners in California increasingly face yet another challenge: state and local governments exercising their power of eminent domain to condemn and purchase property.
Many cash-strapped government agencies, facing mandates to build public works or redevelop "blighted" neighborhoods, lack the money to buy the necessary property at its true market value. T...
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