Kelo Update: I Don’t Want to Believe This

State entity acquires 105 acres for $1?

You would think that has to be one of those “there has to be more to this” stories.

But I don’t see how — yet (HT Rhymes with Right, who lives in the area):

For years, Seabrook residents have said building the Bayport container facility north of town would hurt property values.

They might be surprised at how much one man got for his tract of land - $1 for 105 acres.
Pasadena land owner Glenn Seureau, II, thinks he was robbed of his by the Port of Houston Authority. He plans to continue an uphill battle with the Port until he is paid fair market value for the land.

One civil court judge, on the other hand, seems to think $1 is compensation enough for Seureau’s land, located just north of Seabrook.

Seureau fought for nearly three years to protect his property, in his family for more than 150 years, from the Port’s power of eminent domain, only to lose his case in May of last year in the court of Harris County Civil Court Judge Lynn Bradshaw-Hull.

The judge ruled that having paid Seureau $1, the Port now owns the fee simple title to the property. Seureau was also ordered to give back the Port’s previous payment of more than $1.9 million at 5.75 percent interest and pay the Port’s court costs at the same interest rate.
Seureau has appealed the ruling, and he and his attorneys are currently in negotiations with the Port.

Port officials declined to comment on the case, but confirmed that they are working with Seureau to reach an agreement.

Read the rest at the link. If it’s as bad as it appears, it makes Kelo look like petty theft.