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What threats are there to the CLCWAs plan to acquire the golf course property?

April 26, 2017acquire clcwa course golf Plan Property threats

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What threats are there to the CLCWAs plan to acquire the golf course property?

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There are many things that could impede the property acquisition process. The current owners could refuse the CLCWA’s first offer and cause the decision on price to go to the courts via the eminent domain process; the current owners could challenge the right of eminent domain by the CLCWA; the current owners could file suit against Exxon to break the deed restrictions in order to make the property more valuable for appraisal purposes; or the current owners could file for bankruptcy.