Events Calendar
In This Section
Most Read Stories
Akron police investigate teen mob attack on family
Man found hanging at playground in Stow
Family is proud of late son's gift
Man shot in back near Akron park
Varejao's $50 million deal isn't really $50 million
Robbery suspect's body left at Akron hospital
Woman, 75, charged with beating fawn to death
Akron woman found dead at Brimfield Township store
Blogs:
Pets:
Sly children fool exercise study by using dogs
The Heldenfiles:
Friday Notebook
Patrick McManamon:
Dwayne Wade says no to Cleveland
Akron Zips:
Opponent outlook: Kent State
Browns Bulletin:
Quick thought on Browns rookies
Tribe Matters:
Now is no time to quit
Cleveland Browns:
Stallworth test showed marijuana
Kent State Sports:
Men's Basketball Scheduling update
Cleveland Cavaliers:
Andy’s Signed According to ESPN
All Da King's Men:
Baby Got Barack !
Blog of Mass Destruction:
As California Goes?
Akron Law Café:
Why do public officials violate Ohio Ethics Laws?
Varsity Letters:
Report: Ontko selects Wisconsin
See Jane Style:
Oh Baby!
Car Chase:
Where do We Go from Here?
Let's Talk Real Estate:
Closings….Not the Good Kind!
Ohio Travels with Betty:
Margy inquires-when is a Taste of Hudson?
Sound Check:
LeVert II live performance Saturday night — "Dedication" album due July 13,
HRLite House:
DDI One of Best Places to Work
Akron Gamer:
Video game sales drop in May
State agency must approve eminent domain settlement on land for stadium and housing
By Carol Biliczky
Beacon Journal staff writer
Published on Sunday, Dec 16, 2007
The University of Akron is close to settling two eminent domain lawsuits it had filed to acquire land for a football stadium and student housing.
It has agreed to pay $210,000 for two properties owned by Tamas Mesterhazy of Silver Lake: 444 and 446 Nash St.
It also has agreed to pay $308,500 to buy 338 and 346 Spicer St. from Don and Patrice Mangan of Kent.
The purchases will be reviewed Monday by the Ohio Controlling Board, the state agency with fiscal oversight of state departments, including universities.
The purchases would be part of a multiblock area east of campus that UA is buying to accumulate enough land for a $61.5 million stadium, plus $2.5 million in financing costs, and a $32.5 million residence hall.
Most property owners on the footprint of the UA projects have come to terms with the university.
Mesterhazy and the Mangans were among six property owners with multiple parcels who held out. UA sued the six in Summit County Probate Court in October and is proceeding with lawsuits against the remaining four.
According to the purchase agreement, Mesterhazy would receive $210,000 for the side-by-side duplexes, which each have five bedrooms.
He also would get $13,044 in lost profits for six months, and he and each tenant would receive $1,500 in moving expenses.
The Mangans and their tenants would receive the moving allowance of $1,500 each. The Mangans also would get $5,350 in lost profits for six months for the side-by-side rental houses.
The properties will be among 10 the Controlling Board will consider next week as UA proceeds with more distant expansion plans.
Two of the parcels — at 493 Nash St. and 497 Harvey Court, both owned by Nancy and Richard Gibson of Akron — are in the path of a possible Greek Village for fraternities and sororities between the stadium and housing and state Route 8. That project has been on the university's back burner for years.
The Gibsons would get $532,500 for those two properties and for another parcel they own at 488 Nash St.
Also to be considered at the Controlling Board are UA purchases of $110,000 for 490 Nash St., for which David St. John is the trustee; $255,000 for 508 Nash St., owned by Michael Ciccolini; and $115,250 for 511 E. Exchange St., owned by Christie Riccillo, all for expansions that have yet to be determined.
In the short term, some of the properties will be used to relieve a shortage of parking for students and faculty.
Carol Biliczky can be reached at 330-996-3729 or cbiliczky@thebeaconjournal.com.
The University of Akron is close to settling two eminent domain lawsuits it had filed to acquire land for a football stadium and student housing.
Get the full article here.
Comments
Click here to post your comments
