The university first said it needed written consent from the new appraiser before releasing the document. For its part, the DOA claimed appraisals are not public record because the information is used to negotiate a price. "We do not necessarily want the owner to know the appraised value during negotiations," wrote Jerry Jones, the DOA's director of Facility Planning and Control, in an e-mail response.
The Independent Weekly didn't buy those arguments. Gary McGoffin, an attorney for the newspaper, sent a letter to both groups last Friday morning. Meanwhile, university spokeswoman Julie Dronet said UL President Ray Authement was preparing a release on the findings of the appraisal and the university's "next steps."
McGoffin points out that the state constitution and Title 44 of the Louisiana Revised Statutes provide that all records in the possession of the public body are available to the public, unless specifically listed as an exception. "The burden is on the public body to prove that the record may not be disclosed," McGoffin says. "And we find no exception in the rules that would prohibit the disclosure of any appraisal in the possession of [UL]."
At press time, the university and the DOA gave The Independent Weekly a different excuse for not releasing the appraisal. Citing a provision of Louisiana law, they both claimed the appraisal was off-limits because it was "obtained or prepared in anticipation of litigation or in preparation for trial."
So despite freely offering previous appraisals, the university won't release this one because it expects to be sued over the whole land swap debacle.
The new appraisal is the third valuation of Davidson's property conducted for the purpose of this land swap. The initial December 2003 appraisal and the October 2005 revision yielded the same $3.25 million valuation, but the most recent appraisal is probably significantly lower than Parker's, say local real estate professionals, many of whom were quick to cry foul when the land swap proposal was first announced.
"The $3.25 million was ridiculously high," says Harold Lambert, a commercial real estate appraiser, developer and broker. "I think it should be between $1 million and $1.5 million, depending upon the residential density a buyer could accomplish there." For example, if the buyer could rezone the 4.1 acres, now classified for single-family housing, for condominium or other multi-family development, it may be worth the upper end of that [$1.5 million] range, he says. The university is not restricted by zoning ordinances and can do whatever it wants with the Girard Park Drive property; Authement says he needs the two Davidson homes for faculty housing.
Ordered in December by the Board of Supervisors for the UL System, which had approved the controversial land swap deal several months before, the new appraisal was done by Lane Godshall of Appraiser Analysts in Lafayette, according to real estate sources. Godshall, however, would not even say whether he conducted the appraisal. "It's confidential," he says.
Last December, The Independent Weekly published an editorial calling for Authement to kill the proposed deal, in which 36 acres of the horse farm would be exchanged for Davidson's 4 acres, and later that day the Board of Supervisors asked the DOA to recommend independent appraisers for both the horse farm property and the Davidson land. The board asked for the new appraisals because an amended appraisal of the horse farm property had revealed its value to be $5.37 million if the university got it rezoned from residential to commercial, substantially more than the $3.25 million the university planned to exchange it for.
On its own dime, the university sought to rezone the property so the anticipated new owners, Jerry Brents and Dan Menard, could develop a retail center. The university, however, was willing to sell it at the much lower residential value, at a loss of more than $2 million to the state. The rezoning attempt was unsuccessful.
With the Davidson property likely valued much lower by Godshall, Authement's blunder could now be approaching the multi-million dollar range.
Louisiana Gov. Bobby Jindal is joining South Carolina Gov. Nikki Haley on her campaign bus tour.
A New Iberia man has been sentenced to life in prison for killing a 4-year-old girl and scalding her 3-year-old brother.
A district judge decided Wednesday against sanctioning attorney/school board candidate Dawn Morris for her behind-the-scenes role in a lawsuit against Mark Cockerham.
Secretary of State Tom Schedler says Gov. Bobby Jindal's administration may have improperly destroyed records in the state employee health insurance program, in the middle of a heavily-criticized rewrite of benefit plans.
San Fran wins the World Series; Sistine Chapel improvements; Kurds moving toward Syria and more national and international news for Thursday, October 30, 2014.
Thursday's Blogs from the Bog!
Paper cites the former ADA's "experience as a prosecutor, his demonstrated integrity, and his ideas for reshaping the [DA's] office" in urging voters to support Keith Stutes Nov. 4.
Louisiana officials have sent a letter to the American Society of Tropical Medicine and Hygiene un-inviting members of the group who have recently been to ebola-affected West African countries from attending the group’s annual conference in New Orleans next week.
Drew Brees and the New Orleans Saints have to find a way to win on the road if they plan to take over first place in the NFC South.
"It is obvious that Louisiana economic performance has not outperformed the South or the United States as a whole and, in fact, has substantially underperformed..."
A state district judge said he will rule Friday on a preliminary injunction to keep some charter schools from receiving $60 million through Louisiana's public school financing formula.
Saints fans were to gather, make merry, eat/drink compliments of a new Downtown group and watch the Saints beat Carolina and claim 1st place in the NFC South. But...
New Orleans Saints running back Mark Ingram doesn't see his dramatic spike in production as any sort of validation.
U.S. Sen. Mary Landrieu is facing off one last time with her two main Republican challengers before next week's election.
He’s pulling for Knezek and Hidalgo on his end of the parish but issued endorsements in three other districts as well.
Off a narrow gravel road running between a handful of mostly abandoned lots near a Mississippi River levee, down past sprawling oak trees and thick weeds, a lectern framed by banana trees has been set up in front of three short rows of folding chairs.
Hillary Rodham Clinton is heading to New Orleans this weekend to stir up voter support for Democratic U.S. Sen. Mary Landrieu.
Saints coach Sean Payton has spent much of his team's erratic season trying to build his players up.
The Daily Advertiser has weighed in on this year's LPSB elections with nine endorsements.
The Daily Advertiser uncovers at least two disciplinary actions against veteran sheriff’s deputy Kip Judice for driving a department vehicle after drinking alcohol.
The LPSB has named Melinda Mangham as the interim replacement for the District 7 seat recently vacated by Mark Cockerham.
Gifford Briggs, vice president of the Louisiana Oil and Gas Association, insisted that a settlement is not on the table and a consent decree in exchange for a new processing fee is highly unlikely.
Secretary of State Tom Schedler says he expects about half of Louisiana's 2.9 million registered voters to cast ballots for the Nov. 4 election.
While the Division of Administration, Treasurer John Kennedy and the legislative auditor spar over the validity of a $178.5 million surplus, and how it was calculated, some officials expect it to be up for grabs sooner or later.