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Partial Taking by City of Charlotte for LYNX Light Rail Expansion
Initial Offer: $243,817
Compensation Obtained: $384,199
58% Increase
Brief Statement Of Claim:
The City of Charlotte took approximately .22 acres and additional easements for completion of roadway improvements related to the completion of the Lynx Blue Line light rail on N. Tryon St. in Charlotte in front of a Verizon Wireless store.
Initial offer/deposit:
$243,817.00
Settlement amount:
$384,199.00 ($140,382.00 or 58% increase)
Case Name:
City of Charlotte v. Tryon, LLC
Date Concluded:
October 2015.