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.
Hopefully he’ll be better prepared today than he was in that Feb. 20 deposition.
They came by the hundreds, arriving from all regions of the state to gather on the steps of our Capitol in protest of the Legislature’s long tradition of giving industry the go-ahead to abuse our air, our water and our coastline, all in the name of good economics.
Gov. Bobby Jindal’s recent rhetoric against President Barack Obama has failed to boost his standing among the conservative base.
Louisiana's annual legislative session begins.
The state has hired marksmen to shoot feral hogs from helicopters at two wildlife management areas in south Louisiana.
The former star of Saturday Night Live throws in his 2 cents on the Big Oil lawsuit.
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Monday, March 10, 2014:
The Board of Elementary and Secondary Education has stalled action on a $3.5 billion annual school funding formula due to state lawmakers by March 15.
The New Orleans Saints have yet to make it official as of this writing, but popular wide receiver Lance Moore has reportedly been cut by the team to free up salary-cap space on the roster.
While two medical marijuana bills are slated for the upcoming legislative session, what some Louisianans might not know is that the plant was approved for therapeutic use by state lawmakers in 1991.
The agenda is shaping up to be lighter than in previous years. But Jindal is term-limited, with fewer than two years remaining in office, and he saw his last big initiative — a proposed rewrite of Louisiana tax law — collapse without getting a vote in 2013.
Sharper has been held without bail because of an arrest warrant issued by Louisiana authorities accusing him and another man of raping two women.
Two Lafayette men have been revealed by police as the infamous duo behind a caper that shook our fair city to its core.
The Lafayette Parish School Board has received a second letter of demand related to last year’s insurance debacle, this time from Key Benefit Administrators claiming it’s owed $93,000 from the school system.
The Louisiana coastline is vanishing faster than mappers can keep track.
A bill that would have overridden local ordinances prohibiting public and private employers from discriminating against lesbian, gay and transgender people has been pulled within less than a week of being filed.
The panel that selects nominees for a controversial New Orleans area flood control board — a board that is suing more than 90 oil, gas and pipeline companies — is set to discuss legislation affecting its independence.
State prison officials cannot keep secret the seller and manufacturer of the two drugs purchased for executions at the Louisiana State Penitentiary, a federal judge ruled Wednesday.
State lawmakers will not appeal a judge's ruling that it was improper to use $3.7 million from a probation and parole officers' retirement fund to balance the state's operating budget.
Conservatives have been losing their minds over this satirical bit on the Colbert Report.
The Lafayette Parish School Board leaves a lot to be desired, but is scrapping the election process in favor of an appointed board the answer?
The House approved legislation Tuesday night to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases.
The NFL has formally designated New Orleans' Jimmy Graham as a tight end for the purposes of his franchise tag value, which is now set at $7.05 million next season unless Graham and the Saints subsequently agree on a long-term deal.
A federal appeals panel ruled Monday that businesses don't have to prove that they were directly harmed by BP's 2010 Gulf Of Mexico oil spill to collect settlement payments.
The Louisiana Department of Transportation and Development has closed Interstate 10 from I-49 in Lafayette to Seigen Lane in Baton Rouge.