Indiana Senator Seeks to Limit University Power to Acquire
A Yorktown, Indiana state senator proposed legislation to require the universities to pay more than other condemnation authorities in Indiana.
What is especially bothersome is the expansion of the universities into surrounding neighborhoods. Frequently, the properties in the surrounding neighborhoods have special value inherent in being adjacent to the university. One would think this bill would be unlikely to pass, yet one also must recognize that there are special adaptabilities which must be or should be considered.
Senate Bill 54 would require public universities using eminent domain to acquire property including an operating business to pay the business owner the value of estimated future earning after acquiring the property.
That is in addition to the current requirement that universities pay the owner of the property the fair market value of the property and any other damages.
