Wednesday, July 3, 2013

Developer Awarded $3.2 million for Legacy Trail Land

Sarasota County developer Hugh Culverhouse has been awarded $3.2 million in an unusual eminent domain case nearly a decade after a public agency called the Surface Transportation Board seized a sliver of his Palmer Ranch property to build the Legacy Trail on an abandoned rail line. The judgment could swell to $5.1 million after interest.

The decision comes just months after a similar eminent domain case involving claims by 48 land owners along the Legacy Trail fetched a $6.5 million settlement. Another 13 Legacy Trail claims are still pending.

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