A recent article from Border Report, "Tijuana residents holding out for more money, slowing construction of border crossing," caught my attention. Not only because we're advising on the border crossing project on the U.S. side, but also because it raises an interesting valuation issue.
According to the article, property owners in eastern Tijuana, where the new port of entry is going to be built, are holding up the project by demanding more money for their land. Specifically, the owners want to be paid what the land will be worth once the border crossing is built instead of current value. These increased payment demands ...
The Southern California Chapter of the Appraisal Institute holds a great conference each year covering a variety of hot-topic issues. The 2013 Conference will be held this Thursday, September 12, 2013, and my partner Rick Rayl and I will be presenting on the future of redevelopment in California. So, if you're interested in what's played out over the last year for redevelopment agencies, what lawsuits have been filed, what projects are moving forward, and what the future holds for all the property that is now owned by the successor agencies, come join us.
The rest of the Conference is ...
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