Partial Taking by NCDOT for Completion of I-485
Initial Offer: $303,025
Compensation Obtained: $764,000
Brief Statement of Claim:
The Department of Transportation took approximately 10.084 acres and additional easements for completion of roadway improvements related to the completion of the I-485 loop around Charlotte; deposit of $303,025; settlement of $764,000 ($460,975 or 152% increase).
A partial taking of 10.084 acres of 23.485 acres of residentially zoned land being used for residential and agricultural purposes and taking for various utility, drainage and construction easements. The property was split in half by the taking. The highest and best use of the property was disputed.
Trial or Settlement:
County where Tried or Settled:
Case Name and Number:
Department of Transportation v. Thompson, 12-CVS-4320
Settlement reached March 20, 2014.
Attorneys for Defendants:
Thomas L. Odom, Jr. and David W. Murray, The Odom Firm, PLLC of Charlotte.