By Sean Whaley, Special to Boulder City Review
CARSON CITY — The state Transportation Board learned Monday that condemnation costs for the Boulder City bypass could total $86 million or more for three properties.
They include $60 million or more in inverse condemnation costs for the Jericho Heights property alone. Another $14 million may be needed for Railroad Pass Casino costs, and $12 million might be required for the K&L Dirt property and relocation.
Jericho Heights holds 46 acres of land for residential development. NDOT only wants a three-acre portion, and its value is estimated at $337,000. But Gov. Brian Sandoval said the inverse condemnation claim, in which the owner is compensated for the loss of the property, could top $100 million.