https://www.ksat.com/news/local/2023/04/21/moses-roses-owner-rejects-final-526m-offer-prepares-for-eminent-domain-fight/
The Alamo Trust is planning a $400 million project that will reshape all of Alamo Plaza and a bar owner stands in their way. He owns the bar and the building and he was offered $5.26 Million and he turned it down and the Trust says fair market value for the business is right around $2 million. Once eminent domain proceedings start they will withdraw their final offer and pay fair market value.
I am all for property rights and more power to owners fighting someone trying to take their land and property but his $10 million demand seems absurd and what I find interesting is his other demands which include a plaque recognizing the Mexican soldiers that died at the Alamo.
I would reject his demand based on that alone. If they end up taking his property I hope they put a bronze statue of Davy Crockett right where his bar stood.
The Alamo Trust is planning a $400 million project that will reshape all of Alamo Plaza and a bar owner stands in their way. He owns the bar and the building and he was offered $5.26 Million and he turned it down and the Trust says fair market value for the business is right around $2 million. Once eminent domain proceedings start they will withdraw their final offer and pay fair market value.
I am all for property rights and more power to owners fighting someone trying to take their land and property but his $10 million demand seems absurd and what I find interesting is his other demands which include a plaque recognizing the Mexican soldiers that died at the Alamo.
I would reject his demand based on that alone. If they end up taking his property I hope they put a bronze statue of Davy Crockett right where his bar stood.
Disclaimer: Views expressed in this post reflect the opinions of Texags user bonfarr and are not to be accepted as facts or to be accepted at face value.