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Partial Taking by NCDOT for Elimination of Direct Access to Road
Initial Offer: $329,800
Compensation Obtained: $630,000
91% Increase
Brief Statement of Claim:
The Department of Transportation took approximately 3.16 acres of a total of 24.7 acres in front of two residential farm houses and horse stable. The taking caused an elimination of direct access to Old Concord Rd. The new Old Concord Rd. was raised approximately 40 feet causing a substantial slope in front of the houses and properties.
Initial offer/deposit:
$329,800
Settlement amount:
$630,000 ($300,200 or 91% increase)
Case Name:
DOT v. Helms; DOT v. Ferguson (consolidated for mediation)
Date Concluded:
March 2016