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Real Estate/Development

Dec. 2, 2003

Jury Does the Math, Says Schools Owe $10 Million

By Amy K. Spees The Los Angeles Unified School District will have to pay $22 million for a South Los Angeles parking lot the district had appraised at only $12.5 million and acquired through eminent domain, a Superior Court jury decided last month.

By Amy K. Spees
        The Los Angeles Unified School District will have to pay $22 million for a South Los Angeles parking lot the district had appraised at only $12.5 million and acquired through eminent domain, a Superior Court jury decided last month.
        The former owner of the parking lot sued in June 2002, claiming the district's pu...

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