Texas. the former state park meets eminent domain

A vote by the Texas Parks and Wildlife Commission approved the use eminent domain to take the land of the former Fairfield Lake State Park with the intent of returning it to public use. The former Fairfield Lake State Park land is currently in the hands of a private developer. The eminent domain process began with a panel valuing the former state park at $418.3 million. A state appraisal report estimated that the land was worth $85 million. The most recent sales price of the property is allegedly $103.5 million. This valuation storyline is consistent in the Texas eminent domain process. We’ve talked about the eminent domain compensation saga of the Alamo’s nearby bar.  We’ve talked about how other states have legislated valuations. It’s complicated.

Fort Worth Star Telegram | Fairfield Lake park property valued at ‘staggering’ $418M. What will the state do now?