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Partial Taking by NCDOT for Completion of I-485
Initial Offer: $432,150
Compensation Obtained: $750,000
74% Increase
Brief Statement of Claim:
Partial taking of multifamily residential site for completion of the I-485 loop around Charlotte; deposit of $432,150; settlement of $750,000 ($317,850 or 74% increase)
Trial or Settlement:
Settlement
County Where Tried or Settled:
Mecklenburg
Case Name and Number:
Department of Transportation v. Mulvaney Group, Ltd. 12-CVS-5296
Date Concluded:
Settlement in January 2013
Attorneys for Defendants:
Thomas L. Odom, Jr. and David W. Murray, The Odom Firm, PLLC of Charlotte