Greensboro, NC (PRWEB) September 05, 2016
As the Greensboro Urban Loop (future I-840) moves forward with the final land takings needed to complete the Eastern portion, property owners will soon be contacted for right of way purchases, according to attorney Stan Abrams a former NCDOT attorney, who now practices at the NC Eminent Domain Law Firm.
He is concerned that some property and business owners will receive offers for far less than what their property is worth.
Free Seminar for Property Owners Losing Land
Abrams is hosting a free seminar for property owners affected by this final 4.9-mile leg of the bypass, which will stretch from U.S. 29, north of Greensboro, to Lawndale Drive in northern Greensboro.
The North Carolina Department of Transportation (NCDOT) has reserved more than $14,000,000 to purchase over 90 properties needed for this final stretch, which will complete the 44-mile bypass around the city.
Abrams wants property and business owners to know that they don’t have to accept the government’s first offer. Rather, they can and should exercise their eminent domain rights to try to potentially obtain a better offer.
The seminar is Thursday evening, September 8th, at 7 p.m. at the Greensboro Marriott Downtown, and it is free.
NC Eminent Domain Law Firm Attorney Kenneth Bryan, who has reviewed and assessed the NCDOT’s plans for this final Eastern portion of the bypass, believes that business owners in particular may be concerned about how these purchases may affect the future of their businesses. Business owners can be compensated for the damage to physical improvements, such as signs, parking lots, and buildings, although the government does not pay for the loss of business, itself.
Bryan said, “Business owners know that losing some of their parking spaces will negatively impact their business, but quantifying this in terms of how much the underlying property has been damaged is not always straightforward.” The seminar will help business owners recognize what they can potentially get payment for, in terms of damages, and the best way to try to go about doing that.
Seminar to Share Negotiation Methods
Abrams said, “Property owners whose land will be taken for this project might receive an official-looking NCDOT offer and think that is all they are entitled to. But just like any other real estate transaction, there may be a more complete and satisfactory offer to be gained through reappraisal and negotiations.”
A negotiation approach Abrams has used and will share at the seminar is something he calls the ‘Second Check Method.’ If the owner chooses not to accept the government’s first offer and takes no further steps, the state will still acquire the land and deposit the amount of the original offer with the county clerk on behalf of the owner.
This is where the NC Eminent Domain Law Firm’s Second Check approach comes in. In most cases, the property owner is then free to pursue a better, fairer arrangement, without losing the first offer.
If continued negotiations do not change the offer, the owner can still pocket the first check. But if continued negotiations are successful, the property owner will receive a ‘second’ check in addition to the first one.
Abrams said, “This approach is not as straightforward as it may seem and it is best handled by a qualified eminent domain lawyer.”
Other Topics Greensboro Eastern Loop Land-Taking Seminar Will Cover
This free informal gathering is intended to try to answer property and business owners’ questions, which often include:
- How will the value of my property be calculated?
- Can I assume the offer for my property is fair?
- How is fair market value determined?
- What if I lease space? Will there be allowances to move my business?
- Should I get my own appraisal?
Property Areas the Greensboro Eastern Loop Will Impact
This six-lane section of the Greensboro Urban Loop will run from U.S. 29, north of Greensboro, to Lawndale Drive in northern Greensboro. As part of this final leg of the project, the NCDOT will complete the U.S. 29 and Lawndale Drive interchanges and build two new interchanges that will connect the Loop to Yanceyville Street and North Elm Street.
Seminar Date, Time, Location
Date: Thursday, September 8th
Time: 7 p.m.
Place: Greensboro Marriott Downtown
304 North Greene St. Greensboro, NC 27401
For more information about the meeting, please call the NC Eminent Domain Law Firm at 1-877-393-4990.
ABOUT THE NC EMINENT DOMAIN LAW FIRM:
A division of the Law Offices of James Scott Farrin, the NC Eminent Domain Law Firm is dedicated solely to representing property owners throughout North Carolina, who may be impacted by eminent domain law. The NC Eminent Domain Law Firm is led by attorneys Stan Abrams and Jason Campbell, both of whom previously worked as Assistant Attorneys General for the North Carolina Department of Justice in the Transportation Section, where they litigated condemnation cases for the NCDOT. They have over 25 years of combined experience working exclusively on eminent domain cases. The Law Offices of James Scott Farrin has the legal resources of 38 attorneys and is based in Durham, North Carolina, with offices throughout the state to serve its clients.
NC Eminent Domain Law Firm
300 N. Greene Street, Suite 850
Greensboro, NC 27401