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Taking of Pipeline Easement Through Future Subdivision
Initial Offer: $9,600
Compensation Obtained: $155,000
1,515% Increase
Brief Statement of Claim:
A Natural Gas Company took a permanent pipeline easement and a temporary construction easement across the family's property in order to build a new natural gas transmission pipeline through the property to a power plant. The number of lots available for residential development and subdivision of the property were reduced as a result of the taking.
Initial offer/deposit:
$9,600.00
Settlement amount:
$155,000.00 ($145,400.00 or 1,515% increase)
Case Name:
Piedmont Natural Gas v. Eagle-Wood, Inc. (Lincoln County)
Date Concluded:
January 2020