As the late, great sports broadcaster, Harry Caray, used to say, “Holy cow!” It appears my observation in our September 12, 2013 post, that “a lot has happened on this topic since our July 29, 2013 post!,” was an understatement. This story has moved fast! Between the time we began preparation of the September
Eminent Domain
Update: Condemnation of Underwater Mortgages
Wow! A lot has happened on this topic since our July 29, 2013 post! The developments over the last six weeks are significant because one city (Richmond, California) may be close to making a decision whether to use eminent domain to acquire underwater mortgages, while another (North Las Vegas, Nevada) has decided it will not…
5 Things to Know About Lee County Department of Transportation Road Projects
Number 1: In case you missed it, there are a number of road improvement projects underway in Lee County.
Number 2: To help you keep up with all of the Lee County Department of Transportation’s road projects, I will post updates under the title “Lee County Road Roundup.”
Number 3: The Lee…
State Road 82 Widening Shawnee Road to Alabama Road Update
Property owners along State Road 82 between Shawnee Road and Alabama Road, whose property is needed for the State Road 82 widening project, can expect to receive offers from the Florida Department of Transportation perhaps about seven months from now. As of August 9, 2013, according to the FDOT, the negotiations for right-of-way…
State Road 82 Widening Colonial/Lee Boulevard to Shawnee Road Update
The Florida Department of Transportation recently updated its Five-Year Work Program webpage for the Colonial/Lee Boulevard to Shawnee Road segment of the State Road 82 widening project. According to the FDOT’s update, appraisals for properties needed for the Colonial/Lee Boulevard to Shawnee Road segment of the widening project are scheduled for January 31, 2014…
Update: Condemnation of Underwater Mortgages
Since our last update on this topic, several events have taken place, so it’s time for another update! Last month, the Federal Reserve Bank of New York posted on its website a paper written by Robert Hockett, a professor of financial and monetary law at Cornell Law School, and a recent visiting scholar at the…
Low Tide for Plan to Use Eminent Domain to Acquire Underwater Mortgages – Part IV
When we began posting about the possible use of eminent domain to acquire underwater mortgages in August 2012, we pointed out that “The Chicago City Council’s resolution calling for a hearing on the use of eminent domain to condemn underwater mortgages noted that officials in three states, including Florida, are ‘being persuaded to…
State Road 82 Road Widening – Colonial/Lee Boulevard to Shawnee Road Update
The Florida Department of Transportation’s preliminary construction plans for the Colonial/Lee Boulevard to Shawnee Road segment of the State Road 82 widening project show the property locations FDOT needs at the State Road 82 and Daniels Parkway/Gunnery Road intersection. (In my March 13, 2013 post, I explained that the 23 mile-long widening project is made…
State Road 82 Road Widening – Are you Ready Lee County – Part II – Shawnee Road to Alabama Road
The Florida Department of Transportation (“FDOT”) continues to move forward with its plans to widen State Road 82 along the 23-mile long stretch that runs through portions of three counties in Southwest Florida, including Lee County. Widening State Road 82 raises a number of issues that may affect area residents and motorists. Most importantly, widening…
State Road 82 Road Widening – Are you Ready Lee County?
Ready or not, here comes the Florida Department of Transportation! In case you haven’t noticed, the Florida Department of Transportation (“FDOT”) plans to widen State Road 82 from two lanes to four lanes (and six lanes in some areas) on a 23-mile long portion of State Road 82 running through parts of Lee, Hendry, and…