Partial Taking by NCDOT
for Completion of I-485

Initial Offer: $432,150

Compensation Obtained: $750,000

74% Increase

Brief Statement of Claim:

Partial taking of multifamily residential site for completion of the I-485 loop around Charlotte; deposit of $432,150; settlement of $750,000 ($317,850 or 74% increase)

Trial or Settlement:

Settlement

County Where Tried or Settled:

Mecklenburg

Case Name and Number:

Department of Transportation v. Mulvaney Group, Ltd. 12-CVS-5296

Date Concluded: 

Settlement in January 2013

Attorneys for Defendants:

Thomas L. Odom, Jr. and David W. Murray, The Odom Firm, PLLC of Charlotte