The
Post reports that have
purchase offers have gone out to the 33 owners of the properties that the DC government needs to acquire for the
new Nationals stadium. Owners have 30 days to sell, or the city will begin eminent domain proceedings, at which point a judge will determine the fair market value to pay the owner, and the property will be acquired. The article mentions that "some owners" are saying that the offers are too low, although the only example given is an owner of a car-repair shop, whose land was assessed at $507,000 this year, who was offered $1.74 million for his 9,500-sq-ft property. As the article notes: "Real estate experts say that the city's offers are expected to be well below what property owners just beyond the ballpark site are getting from private developers who are speculating that the area will be a hot spot once the stadium is completed. Under eminent domain laws, the District is not required to make offers that take into account the financial impact of the proposed stadium." (If you're one of these property owners, and you want to
whisper in my ear what the city is offering you, I'll listen!)