Jan 26 2007
University of Virginia Pays Millions For Property Near South Lawn
The article in the Cav Daily discusses the new millionaires who owned property along Brandon ave. Those prices are making the University’s trade with Woddard Properties for all the Brandon Ave apartments, which seemed ridiculous to me at the time (that huge parking lot on the coner and $5 or 6 million for a hodge podge of Brandon Ave. properties) more reasonable.
The University needs to pull out the eminent domain card just once to keep from getting gouged. They forked over millions this month to save face with the community.