Real Estate & Property Law

Motor Speedway Project

By Alan Ackerman

The Indy Channel, April 20, 2008

Speedway is a step closer to making big changes near the Indianapolis Motor Speedway despite the efforts of some residents to derail the project.

Some people are upset that the Speed Zone development plan would force them off their properties.

"The unfortunate thing is that the plan that they have put together basically is a steamroller," said Danny Williams, owner of Pit Stop Liquor.
Supporters of Speed Zone said it would make the area around the speedway a more desirable destination.

The commission will get appraisals on properties and begin negotiations with owners. If needed, officials said the town can use eminent domain to take the properties.

-Owners have built at section lines (mile roads) fully expecting a ninety degree\right angle at their property corner. Roundabouts give the historical expectation no respect. Owners get hurt, and their only recourse is Just Compensation because roundabouts are considered a public use.

Full post as published by National Eminent Domain Blog on April 22, 2008 (boomark / email).