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Eminent Domain

Akron, OH: (Feb-08-08) Harry Jackson, a property owner, brought a lawsuit against the University of Akron, alleging that it was trying to acquire Jackson's business by eminent domain. The property, which includes apartments above a store, is one of several the university sought to acquire for a $61.5 million stadium and $32.5 million residence hall southeast of the campus and west of state Route 8. Sources said that Jackson already purchased a $400,000 property across the street for his business and made plans to move.

A settlement had been reached in the dispute and that Summit County Probate Judge William Spicer had approved the deal. Under the terms of the agreement, the University of Akron has agreed to an out-of-court settlement in which it will pay $443,460 to Harry Jackson for his Odd Corner Store at Brown and East Exchange streets at the entrance to campus. The judge stated that Jackson will get the appraised value of his two properties plus certain other compensation for a total of $443,460. Additionally, Jackson and UA also agreed to maintain the confidentiality of their settlement to the extent possible under the Ohio Public Records Act, which permits public inspection of certain public records, according to the order. [AKRON BEACON JOURNAL: UNIVERSITY LAND]


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Published on Feb-10-08


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