By William Tauro
In this week’s Lawyers Weekly. What a joke the city looks like. AND where is the additional $26,528,000.00 million coming from?
City undervalues parcel taken for new public safety building
Action: Real property/eminent domain
Injuries alleged: Undervalued property
Case name: Cobble Hill Center, LLC V.
Somerville Redevelopment Authority
Court/case no.: Woburn Superior Court/No.
Jury and/or judge: Jury/Judge Christopher
Demand: Initial offer of settlement was fair market value of $28.16 million; subtracting pro tanto payment of $8.778 million, offer would have meant $19.382 million in “new money*
Highest offer: Initial counteroffer was $15
million in “new money”; parties agreed to 516.55 million in “new money” and reported case settled, but defendant backed out of deal days later
Amount: $35.306 million
Date: May 15, 2023
Attorneys: George A. McLaughlin III, Matthew E. Burke and Joel E. Faller, of The McLaughlin Brothers, Boston (for the plaintiff)