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Total Taking by NCDOT for Completion of I-485
Initial Offer: $102,375
Compensation Obtained: $1,290,000
1,160% Increase
Brief Statement of Claim:
The Department of Transportation took approximately 3.656 acres for completion of the I-485 loop around Charlotte; deposit of $102,375; settlement of $1,290,000 ($1,187,625 or 1,160% increase).
Principal Damages:
A total taking of 3.656 acres of commercially zoned land being used for agricultural purposes owned in a family trust. DOT sought to have the Court exclude the commercial zoning from consideration, but the Court denied the DOT's motion.
Trial or Settlement:
Settlement
County where Tried or Settled:
Mecklenburg County
Case Name and Number:
Department of Transportation v. CJ Garrison Trust and Mary T Garrison Trust, 12-CVS-2690
Date Concluded:
Settlement reached August 19, 2013.
Attorneys for Defendants:
Thomas L. Odom, Jr. and David W. Murray, The Odom Firm, PLLC of Charlotte.