• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

AEP Paying 3 Times Value To Avoid Suits

Status
Not open for further replies.

slacker

Thread Starter
Junior Member
Joined
Feb 20, 2002
American Electric Power Co. Inc. of Columbus, Oh., the biggest utility in the U.S., came up with a creative solution for complaints about its environmental record for its operations in the small town of Cheshire, Oh. Faced with charges by the Environmental Agency for violating the Clean Air Act in Cheshire, America Electric recently agreed to acquire the town for $20 milion. Over the summer, Cheshire's 221 inhabitants will pack up and move elsewhere pocketing checks from American Electric for three times the value of their homes. In return, the residents have agreed never to sue the power company for property damage or health problems. I wonder how they are coming up with the homes values?

This sounds like a nice assignment for some of you OH appraisers.

http://www.appraiseillinois.com
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks