The valuation was set in June when the purchased was closed on by Todd. Todd is trying to extract FUTURE value from the eminent domain process which doesn't work that way. Todd is definitely not the bad guy in this from what I can see but when it comes to how this process works, its very clear how the valuation is done. And the "willing seller" thing has never really applied to 100% of any case of ED that I can recall.

Mr.Clueless posting again…lol

“TPWD filed an application for a temporary injunction to gain access to the property to determine whether there are environmental concerns,” Cory Chandler, deputy communications director for TPWD, told KXAN.

Chandler said TPWD and its legal counsel “have not alleged there is any contamination in Fairfield Lake State Park,” other than instances already documented by the Texas Commission on Environmental Quality.

The temporary injunction, filed Aug. 7 in Freestone County, asks for a temporary restraining order to allow state crews onto the property for inspections, surveys and tests.

https://www.msn.com/en-us/money/rea...quire-former-state-park-site/ar-AA1flCHS

50 years of coal ash and god knows what else, but I’m sure the state won’t find violations they can pin on Mr Todd if need be. Surely you guys are smart enough to realize the state/government can destroy you or anyone they want to? All they have to do is produce and publicize a report that says the area and lake is contaminated and poof!!!! any value or future value that property had is gone. I’m not saying it’s right, it’s just the reality of trying to fight the government. Call me crazy, but I’m still in the should have taken the 25 million to walk away club.

And Poof, there will no longer be a state park either since it is contaminated.

Mr.Clueless posting again…lol

“TPWD filed an application for a temporary injunction to gain access to the property to determine whether there are environmental concerns,” Cory Chandler, deputy communications director for TPWD, told KXAN.

Chandler said TPWD and its legal counsel “have not alleged there is any contamination in Fairfield Lake State Park,” other than instances already documented by the Texas Commission on Environmental Quality.

The temporary injunction, filed Aug. 7 in Freestone County, asks for a temporary restraining order to allow state crews onto the property for inspections, surveys and tests.

https://www.msn.com/en-us/money/rea...quire-former-state-park-site/ar-AA1flCHS

50 years of coal ash and god knows what else, but I’m sure the state won’t find violations they can pin on Mr Todd if need be. Surely you guys are smart enough to realize the state/government can destroy you or anyone they want to? All they have to do is produce and publicize a report that says the area and lake is contaminated and poof!!!! any value or future value that property had is gone. I’m not saying it’s right, it’s just the reality of trying to fight the government. Call me crazy, but I’m still in the should have taken the 25 million to walk away club.

Groups and people file lawsuits against pollution claims ALL THE TIME.
You post as if the legal system goes into limbo as soon as the state makes a claim or report. Surely you jest, again.
The state would be required to show their report and then the owner would show their expert witness and their report and a jury would find for one side or the other. Also if as you say they can do this at will without cause the court and the litigant can prove it the state would have to pay for their lies. Thats how it works.

I assume Todd has the right to publish the offer so people can see if the state is lying now.

Allison, you are correct. Years of lawsuits and court battles would ultimately resolve it, just like a super nasty divorce and custody battle. Unfortunately for Todd, he has a 92 million dollar mortgage to pay each month. His "Freestone" development is totally dependent on marketability. A "Superfund site" is not exactly a desirable place to retire or build a 5 million dollar mansion on ....lol. My "clueless" opinion is the State has nothing to lose and still holds all the cards. I believe the Chinese referred to it as a death by a thousand cuts.....

But who knows..... Maybe Todd will pull a rabbit out of his hat and be the first guy in history to beat the government?

The state can stick that appraisal. the value has already been set when Todd purchased the land. Wonder why the state did not take the land from Vistra by eminent domain to begin with. The state is 100% wrong on this, cannot believe anyone would take their side on this deal, I get wanting to save the park but to make Todd look like the bad guy here is rediculous.

Todd could have taken the 25 million and everyone would have been happy. Instead he countered with 30 million and it turned into a pecker measuring contest. This is a millionaire squaring off with a billionaire. Destroying the park knowing the state is going to end up taking it is just being spiteful at this point. Todd’s Chinese investors are not going to be happy when the state gets it for less than he paid.

The state isn’t getting it.

So if you owned a piece of property and an oil company discovered that you had a huge pool of oil under your property, would you be ok with the state taking your property without paying you for the oil ? If what Todd is saying is true then the water rights alone are worth way the hell more than what he paid for the property. Anyway I hope they save the park somehow but I think Todd should be able to make his money.

The valuation was set in June when the purchased was closed on by Todd. Todd is trying to extract FUTURE value from the eminent domain process which doesn't work that way. Todd is definitely not the bad guy in this from what I can see but when it comes to how this process works, its very clear how the valuation is done. And the "willing seller" thing has never really applied to 100% of any case of ED that I can recall.