re: House across from Walk On's in Zachary

quote:

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I want to say he asked for triple value and that is when they quit negotiating with him.

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So he built a house with knowledge of this development, tried to hold out for a triple return, so they went another route and made his property worth less than he started. A little FAFO on his part? He thought he had a pure supply and demand situation with no choice on the part of the developer to seek a little governmental assistance and intervention?

I guess he found out the American dream doesn’t include getting to extort a developer when the government, which stands to make a lot more tax money from the development than his property tax, can just exercise a little eminent domain.