Appraisals Debated In Eminent Domain Case
Posted by Goody on 04/17/08 in Business
Appraisers took center stage recently in an eminent domain case in Kansas City, Kan.
The city’s Unified Government (UG) is trying to acquire the Indian Springs Mall for redevelopment.
According to the Kansas City Kansan, the current owner of the mall and the UG remain far apart on the fair market value of the mall site.
On June 4, the parties met at the Wyandotte County Courthouse to submit information to a three-person panel of appraisers.
The panel will consider arguments made during a public hearing to determine the value the UG must pay Joseph Kashani - the mall’s owner - to acquire the property, according to the newspaper.
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