Todd told KXAN the property is likely worth much more than that, saying his bank recently appraised the value of the water rights alone at $238 million. He cautioned commissioners against using eminent domain to take over private property.

So the guy whose every move and statement lately has been aimed at negotiating a sale price to the state, which despite all his blustering and bluffing he knows with 100% certainty is going to get the property, is claiming the property is worth way more than double what he paid for it three months ago?

Shocking. Just shocking, I tell you.

So the guy whose every move and statement lately has been aimed at negotiating a sale price to the state, which despite all his blustering and bluffing he knows with 100% certainty is going to get the property, is claiming the property is worth way more than double what he paid for it three months ago?

Shocking. Just shocking, I tell you.

Allison, that is a general description of real estate "market value" and not "adequate compensation". In this particular case that does not apply, the court has to follow the actual specific rules set out in the Texas Constitution for eminent domain as listed below in Sec 17. Also make note of subsection (d).

To answer your question, the meeting will be public. Please do come down and spend some time with us hillbilly's.... I would love to meet you in person

THE TEXAS CONSTITUTION

ARTICLE 1. BILL OF RIGHTS
https://statutes.capitol.texas.gov/Docs/CN/htm/CN.1.htm#1.17

Sec. 17. TAKING PROPERTY FOR PUBLIC USE; SPECIAL PRIVILEGES AND IMMUNITIES; CONTROL OF PRIVILEGES AND FRANCHISES. (a) No person's property shall be taken, damaged, or destroyed for or applied to public use without adequate compensation being made, unless by the consent of such person, and only if the taking, damage, or destruction is for:

(1) the ownership, use, and enjoyment of the property, notwithstanding an incidental use, by:

(A) the State, a political subdivision of the State, or the public at large; or

(B) an entity granted the power of eminent domain under law; or

(2) the elimination of urban blight on a particular parcel of property.

(b) In this section, "public use" does not include the taking of property under Subsection (a) of this section for transfer to a private entity for the primary purpose of economic development or enhancement of tax revenues.

(c) On or after January 1, 2010, the legislature may enact a general, local, or special law granting the power of eminent domain to an entity only on a two-thirds vote of all the members elected to each house.

(d) When a person's property is taken under Subsection (a) of this section, except for the use of the State, compensation as described by Subsection (a) shall be first made, or secured by a deposit of money; and no irrevocable or uncontrollable grant of special privileges or immunities shall be made; but all privileges and franchises granted by the Legislature, or created under its authority, shall be subject to the control thereof.

(Feb. 15, 1876. Amended Nov. 3, 2009.)

Market value is defined as: “[T]he price which the property would bring when it is offered for sale by one who desires, but is not obliged to sell, and is bought by one who is under no necessity of buying it taking into consideration all of the uses to which it is reasonably adaptable and for which it either is or in all reasonable probability will become available in the reasonable future.” City of Austin v. Cannizzo, 267 S.W.2d 808, 815 (Tex. 1954).

In Texas condemnation law, market value property reflects all factors that buyers and sellers would consider in arriving at a sales price. City of Harlingen v. Estate of Sharboneau, 48 S.W.3d 177, 185 (Tex. 2001). In City of Austin v. Cannizo, the Texas Supreme Court explained, “[i]n the willing seller-willing buyer test of market value it is frequently said that all factors should be considered which would reasonably be given weight in negotiations between a seller and buyer.” 267 S.W.2d 808, 814 (Tex. 1954).

Allison, we are kinda talking apples and oranges here. You are referring to a landowners rights description of "Market Value" as it relates to an entity other than the State of Texas. In your example/definition, a City is taking someones land or home for a project, similar to what happened with the Cowboy's Stadium.

In this specific "Fairfield" case, the State of Texas is taking back a public park, "market value" as typically used and "adequate compensation" have different legal meanings.

Compared to other entities that have been granted the right to use eminent domain, the State of Texas has superior rights, especially when they acting in the interest of the public.

If the state walked away today he'd be happy.

You, not so much.
They may get the property. 100% means you just don't understand eminent domain rules.

I understand that state law allows the State of Texas to use its eminent domain authority and that Texas is a quick take state, meaning as soon as the three person commission assigns a value and the state deposits the money TP&WD can immediately seize the property. I also understand that the eminent domain statute specifically says that it can be used for parks.

I further understand that you have been arguing this for months and want to be right. You're not, but you can wait to see for yourself.

Allison, we are kinda talking apples and oranges here. You are referring to a landowners rights description of "Market Value" as it relates to an entity other than the State of Texas. In your example/definition, a City is taking someones land or home for a project, similar to what happened with the Cowboy's Stadium.

In this specific "Fairfield" case, the State of Texas is taking back a public park, "market value" as typically used and "adequate compensation" have different legal meanings.

Compared to other entities that have been granted the right to use eminent domain, the State of Texas has superior rights, especially when they acting in the interest of the public.

WHAT IS ADEQUATE COMPENSATION?
Adequate compensation typically means the market value
of the property being condemned. It could also include
certain damages if your remaining property’s market value
is diminished by the condemnation or the public purpose for
which it is being condemned.