Biscuit Run Dispute Gets Messier

by staff on November 25, 2011

Biscuit Run, Charlottesville VirginiaFor those of you who are following the ongoing saga of the Biscuit Run development south of Charlottesville, we have some updates for you.  

The story of how a proposed housing development became a proposed state park…. is long and complicated.   We’ve previously given you links for more details you can find HERE.   Taxpayer funding is at the core of the current dispute.

There is apparently evidence that the developers intended to promote a Lehman Brothers-funded flip of the nearly 1200-acre parcel so that it would ultimately end up in the hands of Pulte Homes, a large national homebuilding company.  The story says this would have netted hundreds of millions of dollars to the developers.  Link to more, at bottom of story.

But recently the developers of Biscuit Run filed a nearly $20-million lawsuit against the state, challenging the valuations of the land worth as it pertains to their own tax credits.  Virginia taxpayers would liable for additional monies to the developer.   And predictably, the State of Virginia has countersued in an attempt to block the developers’ suit from being heard in court.   One point of the state’s contention is that the developers did not pay recordation taxes to the state which would have supported their claim of the land’s worth.

This one is messy and it’s far from over.

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