Partial Taking by NCDOT
for Expansion of Hwy 601

Initial Offer: $35,300

Compensation Obtained: $390,000

1,005% Increase

Brief Statement of Claim:

The Department of Transportation took approximately 5 acres for expansion /widening of Highway 601; deposit of $35,300; settlement of $390,000 ($354,700 or 1,005% increase).

Principal Damages:

Partial taking of a farmer's 9.6 acres of property which could have been rezoned to allow a convenience shopping center with 50,000 to 70,000 square feet of retail development. The taking of 5 acres left the remainder of the parcel unable to be developed for commercial use.

Trial or Settlement:

Settlement

County where Tried or Settled:

Union

Case Name and Number:

Department of Transportation v. Howey, et al., 06-CVS-1076

Date Concluded:

Consent Judgment dated April 22, 2010.

Attorneys for Defendants:

Thomas L. Odom, Jr., The Odom Firm, PLLC of Charlotte.