15

Nov '23

Fairmont City Council applies for eminent domain to acquire old box factory – WDTV

FAIRMONT, W.Va (WDTV) – The Council of the City of Fairmont passed an ordinance to obtain ownership of the former Fairmont Box Factory through eminent domain.
The City Agenda says they voted on the ordinance at their Nov. 14 council meeting.
Officials say the City of Fairmont is attempting to obtain it through eminent domain after several failed negotiations with the owner.
Eminent domain allows the government to expropriate land or property from an owner without their permission, with payment of compensation.
The City plans to demolish the building and redevelop the property for a new city park with a trail head and amenities for the upcoming West Fork River Trail Extension that is to be funded through TIF District Funds.
The Fairmont Box Factory was originally constructed in the late 1910s and last operated as a factory in the early 1980s, according to officials. The current owner purchased the property at tax sale in 2010, according to officials.
FOR PRIOR COVERAGE:
Fairmont planning attempt to obtain ownership of Fairmont Box Factory through eminent domain
Fairmont to vote on Fairmont Box Factory eminent domain
Copyright 2023 WDTV. All rights reserved.

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Joker
Joker

Joker has been buying and selling domains since the late 90's. He has worked with many portfolios and investors over the past decade as well.

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