Menu
Partial Taking of Parking Areas by City of Charlotte for LYNX Light Rail
Compensation for Tenant:
$20,100 - Sign Replacement
$511,250 - Reduction in Rent
Brief Statement of Claim:
The City of Charlotte took temporary construction and permanent easements across parking areas used by a cafe-style fast food restaurant tenant. The lease for the restaurant allowed the tenant to obtain a reduction in rent from the landowner as part of compensation for the taking.
Settlement amount for tenant:
$20,100 for sign replacement; $511,250 reduction in rent
Case Name:
City of Charlotte v. Roseclay, LLC; Panera, LLC v. Roseclay, LLC
Date Concluded:
May 2016