Appraisal: April 2009 Archives

Appraisal Expert In Developer Case

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Springfield aldermen have hired appraisal expert Charles Randy Johnson for up to $30,000 for “expert advice and testimony” in the trial of developer David Maulding.  The trial will determine how much the city of Springfield must pay the developer for breaking an agreement to subsidize a west-side warehouse development.  Maulding says that when Springfield aldermen failed to approve his plan to build warehouses near Interstate 72 in late 2003, the city breached an agreement to give him federal community development block grant money and caused construction delays that cost him millions of dollars.

Maulding has said the city’s actions cost him more than $18 million, but the amount the city owes will be determined by Sangamon County Circuit Judge Patrick Kelley.

Excerpted from The State Journal Register.


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This page is a archive of entries in the Appraisal category from April 2009.

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