University might back off buying Joe’s, lawyer says

Picked this news blast up off of http://www.ohiomm.com/blogs/zips/

University might back off buying Joe’s, lawyer says
June 22nd, 2008
Football

If Akron loses its appeal of the $3.1 million verdict to Joe Nemer, it might back off purchasing the land, according to Nemer’s attorney Warner Mendenhall.

Probate court judge Bill Spicer will rule on UA’s motion to set aside the verdict early this week. Mendenhall said the university’s attorney told him it would not be interested in buying the land through eminent domain at that cost.

Would the university really set aside a huge plan for a residence hall over a measley million bucks? Probably not. It looks like posturing, because Nemer obviously can’t get $3.1 million for his land on the market. Even if the university is serious, it might not be able to back out.

For more on the Akron Zips, take a look at Rasor on the Zips webpage @ http://www.ohiomm.com/blogs/zips/