news
News
Rainey & Weaver Settle Land Condemnation Claim Related to 540 Triangle Expressway SE Extension in Southern Wake County for 5 Times Initial Offer
Young Moore condemnation attorneys, Michael S. Rainey and Brandon M. Weaver, recently negotiated a Map Act settlement related to the 540 Triangle Expressway Southeast Extension in Southern Wake County. Despite only 0.034 acres of the property being taken, Rainey & Weaver employed a unique valuation strategy which allowed them to negotiate a settlement for the landowners of $131,000.00, more than 5 times the original amount offered by the North Carolina Department of Transportation.
Michael S. Rainey leads Young Moore’s robust condemnation and eminent domain practice which represents landowners, business owners, and commercial developers facing takings of their land through condemnation or other related claims. The team has experience handling a variety of real estate litigation matters including the resolution of real estate disputes involving condemnation, inverse condemnation (including Map Act claims), restrictive covenants, partition proceedings, eviction proceedings, zoning and land use. The firm has successfully resolved condemnation cases involving municipalities, private entities such as energy providers, and the North Carolina Department of Transportation in highway projects, with clients often obtaining sums well in excess of the initial deposit.
Contact Michael Rainey at Michael.Rainey@youngmoorelaw.com or (919) 919-861-5022. Visit Condemnation & Eminent Domain to learn more.
Related Links:
- Michael S. Rainey
- Condemnation & Eminent Domain
- Three Do’s and Don’ts if your Property is Subject to Eminent Domain
- Southeast Extension of 540 Triangle Expressway Project (Southern Wake County)
DISCLAIMER:
Cases listed represent a sampling of the types of matters handled by the firm and may not include all results. Case results depend upon a variety of factors unique to each case. Prior results do not guarantee a similar outcome.