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 Alameda Corridor-East Construction Authority ("ACE") is working on a $75 million project to improve rail service in the San Gabriel Valley. The project involves constructing a rail underpass on Baldwin Avenue in El Monte, and it is part of a larger, $1.1 billion project that includes 20 grade separations.
ACE has acquired nearly all of the right of way for the Baldwin Avenue underpass, but one owner, Fred Jast, has not moved. According to a recent San Gabriel Valley Tribune article by Rebecca Kimitch, "El Monte man fights eminent domain claim," Mr. Jast has been fighting with ACE for several years ...
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